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 Mahananda Suppliers Ltd
INCREDIBLE · price
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Awaiting price reaction for this filing.
Mahananda Suppliers Ltd, a promoter of Incredible Industries Ltd, has released its entire pledged shareholding in the company. The promoter had 1.66 crore shares (35.50% of total share capital) pledged with SREI Infrastructure Finance Ltd, of which 86.25 lakh shares (18.45%) were released from pledge on December 9, 2025. This is a revised disclosure (original dated December 11, 2025), now including the reason for release: full repayment of the term loan. Post-release, the promoter holds zero pledged shares in the company.
Positive for shareholders — complete removal of pledge overhang eliminates forced-sale risk and signals improved promoter financial health following full loan repayment. Reduces a key negative overhang on the stock.