The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shirdi Sai Electricals Ltd
INDOTECH · price
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Awaiting price reaction for this filing.
Shirdi Sai Electricals Ltd (SSEL), part of the promoter group of Indo Tech Transformers Ltd, has released a pledge on 4,25,000 equity shares (4% of share capital) that were earlier pledged with SKS Fincap Private Limited. All outstanding dues on the loan have been fully paid, leading to the release. As a result, the promoter group's encumbered (pledged) shares have come down from 45,66,036 shares (42.99%) to 41,41,036 shares (38.99%) of the company. The total promoter holding remains unchanged at 75% (79,65,000 shares); only the encumbrance portion has reduced. The release was dated 19 November 2025 and the intimation was filed on 21 November 2025.
Positive for shareholders — a pledge release after full repayment of debt signals reduced financial stress on the promoter entity and lowers the risk of a forced sale of pledged shares hitting the market. The overall promoter ownership (75%) is unchanged.