The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 01, 2026 for Kushal H Shah
HUBTOWN · price
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Kushal H. Shah, a promoter of Hubtown Ltd, has filed a disclosure reporting the invocation/release of pledge on 1,400,000 shares (0.99% of total share capital) on March 27, 2026. These shares were pledged in favour of Edelweiss Investment Advisors Limited as collateral security for a loan availed by Hubtown Limited. After this event, Kushal H. Shah's encumbered shares stand at 1,400,000 (0.99%). The total promoter group encumbered holding across all promoters is 7,500,000 shares representing 5.28% of total share capital.
The release of pledged shares reduces the lender's claim on promoter holdings, which is a marginally positive development for minority shareholders as it lowers the risk of forced share sales. However, a significant portion of promoter equity remains pledged.