The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 13, 2025 for Sungrowth Share & Stocks Ltd
INCREDIBLE · price
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Sungrowth Share & Stocks Ltd, a promoter of Incredible Industries, has released the pledge on its entire holding of 1,48,83,750 shares (31.83% of share capital) in the company. The release happened on December 9, 2025, after the promoter fully repaid its term loan to SREI Infrastructure Finance Limited, the lender. Post-event, the promoter's encumbered shares stand at NIL. This is a revised disclosure submitted to the exchanges on December 13, 2025, after adding reasons for the release in the prescribed format.
Positive signal for shareholders — the promoter has cleared its pledged shares entirely, removing the risk of forced share sales and indicating improved financial health of the promoter group.