The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 31, 2025 for Manan Aggarwal
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Manan Aggarwal, a member of the Promoter Group of Him Teknoforge Limited, has disclosed the creation of a pledge on 91,230 equity shares (0.96% of total share capital) on May 28, 2025. The shares have been pledged in favor of Mr. Rajeev Gupta as collateral for a personal loan. Prior to this, Manan Aggarwal held 1,16,230 shares (1.23% of share capital) with no existing encumbrance. Post the pledge creation, 0.96% of the company's share capital held by this promoter group member is encumbered. The disclosure has been filed under SEBI (SAST) Regulations, 2011.
This is a routine promoter-group pledge creation for a personal loan and represents a small portion (under 1%) of the company's share capital. It is not a stake sale or invocation, so the impact on shareholders is limited, though investors typically monitor rising pledge levels as a potential risk signal.