The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sudha Mhaiskar
IRB · price
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Sudha D. Mhaiskar, a member of the Promoter Group of IRB Infrastructure Developers Limited, has disclosed the invocation of 86,000 pledged shares by Anand Rathi Global Finance Limited on 28/04/2026. Following this invocation, the promoter group's total holding stands at 1,336,160 shares (0.01% of total capital). Before the invocation, the promoter had 1,390,000 shares in encumbrance, which reduced to 1,304,000 shares after 86,000 shares were invoked. The company had undergone a 1:1 bonus issue on 02/04/2026, which affected the pre and post holding calculations.
The pledge invocation indicates that the lender invoked collateral due to likely non-payment or default by the borrower. While the percentage impact is minimal at 0.01%, it signals potential financial stress on the promoter group and may raise concerns about further pledge invocations in the future.