The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sudha Dattatray Mhaiskar
IRB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sudha Dattatray Mhaiskar, part of the promoter group of IRB Infrastructure Developers Limited, disclosed the invocation of 55,000 pledged shares by Anand Rathi Global Finance Limited on 30 March 2026. Prior to invocation, the promoter had 750,000 shares (0.01%) under encumbrance. After the invocation of these 55,000 shares, the encumbered holding reduced to 695,000 shares (0.01%). The total share capital of the company remains unchanged at 6,039,000,000 equity shares of Rs 10 each. The voting rights held through shares carrying voting rights remained at 16,080 (0.00%) both before and after the transaction.
The invocation of pledged shares indicates that the lender (Anand Rathi Global Finance Limited) exercised its rights over collateral, likely due to a trigger event such as margin shortfall or loan default. While the absolute number is small (55,000 shares), it signals financial stress for the promoter group and could raise concerns about further pledge invocations if the promoter's financial situation does not improve.