Shree Rasbihari trading and Investment private Ltd has submitted to the Exchange a copyof Disclosure pursuant to Regulations 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 by the Promoter(s) / Promoter Group to the Stock Exchange(s) for release of Pledged shares.
MANGALAM · price
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On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 1.1 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shree Rasbihari Trading and Investments Private Limited, a promoter entity of Mangalam Drugs and Organics Limited, has released 1,73,000 pledged shares (1.09% of total share capital) that were held as security for debt in favor of M/s Famycare Private Ltd. The promoter entity continues to hold 9,82,563 shares (6.20% of total share capital) in the company. After this release, the promoter entity has no remaining encumbered shares. The disclosure was filed on March 18, 2026, under SEBI Takeover Regulations.
This is a positive development for shareholders as it eliminates the encumbrance risk on the promoter's stake. Pledge releases generally signal improved financial health of the promoter group or fulfillment of debt obligations, reducing the risk of forced selling of shares in the open market.