The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 13, 2025 for RND Steels Ltd
INCREDIBLE · price
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RND Steels Limited, a promoter of Incredible Industries Limited, has released a pledge on 3,40,000 shares (0.73% of total share capital) that were earlier encumbered in favour of SREI Infrastructure Finance Limited. The release, dated 9 December 2025, was done because the term loan has been fully repaid. After this release, the promoter holds zero encumbered shares, meaning no shares of RND Steels in Incredible Industries remain pledged. This is a revised disclosure (original filed on 11 December 2025) now including the reasons for the pledge release as required under SEBI's takeover regulations.
This is a positive signal for shareholders — the promoter has fully cleared a loan secured against its shares, reducing pledge-related risk and indicating improved financial health of the promoter entity. With no encumbered shares remaining, there is no near-term threat of forced selling or invocation pressure on the stock.