The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 16, 2025 for Narasimha Anumala & Others
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Awaiting price reaction for this filing.
Promoter Narasimha Anumala has disclosed the invocation of a pledge on 6,59,421 equity shares of Soma Papers and Industries Limited (BSE Scrip Code: 516038), filed on December 16, 2025 under Regulation 31(2) and 31(3) of SEBI's Takeover Regulations. The disclosure was addressed to both BSE and Soma Papers and Industries Limited, suggesting Narasimha Anumala is a common promoter in connected promoter-group entities. An invocation means the lender has taken possession of the pledged shares, typically due to a loan default or margin shortfall. No additional details on the lender, loan amount, or pledged share value were provided in the filing.
Pledge invocation is a negative signal for shareholders as it means the promoter could not meet obligations on pledged shares; the lender may now sell these shares in the market, creating potential share-price pressure and indicating financial stress at the promoter level.