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 Sungrowth Share & Stocks Ltd
INCREDIBLE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sungrowth Share & Stocks Ltd, a promoter of Incredible Industries Ltd, has released the pledge on 14,883,750 shares, which represents 31.83% of the company's total share capital. The pledge was originally created in favour of SREI Infrastructure Finance Ltd and was released on December 9, 2025. After this release, the promoter has zero encumbered shares, and its total holding remains 14,883,750 shares (31.83%). The disclosure was filed under SEBI's Takeover Regulations to inform the stock exchanges.
This is a positive signal for shareholders as the complete release of pledged shares eliminates forced-sale risk on a significant chunk of promoter holdings. With no encumbered shares remaining, the promoter's stake is now fully unencumbered, improving transparency and reducing governance concerns.