Ajay Ramniwas dhoot has submitted to the Exchange a copy of Disclosure pursuant to Regulations 31(1) and 31(2) of the SEBI (SAST) Regulations, 2011 by the promoter/Promoter group to the stock Exchanges for release of pledged shares.
MANGALAM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Ajay Ramniwas Dhoot has released 1,38,000 pledged shares (0.87% of total share capital) of Mangalam Drugs and Organics Limited, which were previously pledged with M/s Famy Care Private Ltd as security for debt. The release was executed on March 16, 2026, and disclosed to the stock exchanges on March 18, 2026. After this release, the promoter continues to hold 1,38,687 shares (0.87%) in the company, but now entirely free of any encumbrance. The total shareholding of the promoter remains unchanged; only the pledge on these shares has been removed.
This is a positive signal for the stock, as it indicates the promoter has freed up his shares from pledge, likely after settling the underlying debt obligation. It reduces the risk of forced selling and shows improved financial standing of the promoter, though the quantum is small at less than 1% of share capital.