The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 11, 2025 for Mahananda Suppliers Ltd
INCREDIBLE · price
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Mahananda Suppliers Limited, a promoter of Incredible Industries Ltd, has released a pledge on 8,625,763 shares (18.45% of total share capital) that were previously pledged with SREI Infrastructure Finance Limited. The release took place on December 9, 2025, and was reported to the stock exchanges on December 11, 2025. Before the release, the promoter had 16,600,000 shares (35.50%) encumbered; after the release, 8,625,763 shares (18.45%) remain encumbered. The shares of Incredible Industries are listed on NSE, BSE, and CSE.
The release of pledged shares is generally a positive signal for shareholders, as it reduces the promoter's debt burden and lowers the risk of forced selling. The remaining pledged portion is now at 18.45%, which is a healthier level compared to the earlier 35.50%.