The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 05, 2025 for Parv Jain
MAGNUM · price
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On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.3 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter and CFO Parv Jain has filed a disclosure for an amendment to an existing pledge of 83,24,255 shares (12.5% of total share capital) of Magnum Ventures Ltd. This is a Second Amendment in Pledge dated 5 August 2025, effectively extending the pledge period rather than creating a new encumbrance or releasing shares. The encumbrance is linked to Additional 18% Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs) of Rs 50 Crores issued by the company itself, with Catalyst Trusteeship Limited as the debenture trustee. Total promoter group holding stands at 3,77,67,554 shares (56.8% of share capital), of which 22% is currently encumbered — well below the 50% promoter shareholding threshold and 20% total share capital threshold. The security cover on the pledged shares is Rs 19.43 Crores against a Rs 50 Crore NCD exposure, indicating a thin coverage ratio of 0.38x.
No change in actual share encumbrance quantum — the number of pledged shares remains the same at 12.5% of capital. However, the continued pledging of promoter shares against high-cost (18%) NCDs issued by the company itself signals ongoing liquidity pressure. Investors should monitor share price movements and any further invocation risk, though the pledge levels remain well within regulatory thresholds.