The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 13, 2025 for Dax F Theknath
JETFREIGHT · price
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Jet Freight Logistics promoter Dax Francis Theknath, along with Persons Acting in Concert, disclosed the release of a pledge on 1,90,000 equity shares held with Kotak Mahindra Bank on October 10, 2025. The pledge release was disclosed to the exchanges on October 13, 2025. Post-release, the promoter's encumbered shareholding stands at 27,09,500 shares (5.84% of share capital), down from 28,99,500 shares (6.25%) earlier. The total promoter group holding remains unchanged at 96,18,000 shares (20.73% of share capital). The original pledge was created for a working capital facility benefit for the company.
Pledge release is a mildly positive signal for retail investors — it reduces the encumbrance overhang on promoter shares and lowers the risk of forced selling if the lender had invoked the pledge. The overall promoter ownership percentage is unaffected, indicating this is balance-sheet housekeeping rather than any change in promoter conviction.