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 RND Steels Ltd
INCREDIBLE · price
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Awaiting price reaction for this filing.
RND Steels Ltd, a promoter of Incredible Industries Ltd, has released the pledge on 340,000 shares (0.73% of the company's share capital) that were previously encumbered in favor of SREI Infrastructure Finance Ltd. The release took place on December 9, 2025, and the disclosure was reported to the exchanges on December 11, 2025. Post-release, the promoter holds zero encumbered shares. This indicates the promoter has satisfied its obligation to the lender (SREI Infrastructure Finance) for this particular set of shares.
Pledge releases are generally seen as a positive signal for retail investors, as they reduce the risk of forced share sales by the promoter. However, since the released quantity is small (0.73%), the direct impact on the stock price is likely limited.