The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 11, 2025 for Dax F Theknath
JETFREIGHT · price
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On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.9 pts less than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Promoter and Executive Director Dax Francis Theknath has reported two separate pledge-related events in Jet Freight Logistics. Under SEBI SAST Regulation 31(1)/(2), his encumbered shares rose from 6,70,000 (1.44% of capital) to 27,09,500 (5.84%) — a fresh pledge of 20,39,500 shares (4.40% of capital) was created with Aditya Birla Finance Limited to secure the company's working capital facility. Separately, a release of an earlier pledge is being disclosed via Form C under SEBI PIT Regulation 7(2). Mr. Dax holds 96,18,000 shares personally (the single largest holder), with family members including Richard Theknath (31,60,000 shares) listed as Persons Acting in Concert. The reporter has flagged that the filing was made after the stipulated deadline due to his unavailability.
A bigger slice of the promoter's stake is now pledged as collateral for company borrowings, which modestly increases the risk to shareholders if the stock price falls, though the purpose (working capital) is routine. The delayed disclosure is a minor procedural red flag but not material on its own.