The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 07, 2026 for Yatin Sanjay Gupte

Pledge Above 50pctOwnership Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+0.0%1-day move

₹0.78

prior close

₹0.81

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AI summary

Promoter Yatin Sanjay Gupte has created a pledge of 6,74,56,105 equity shares (4.73% of total share capital) in favour of Blacksoil Capital Private Limited. This pledge was created on 30 March 2026 under a Pledge Agreement dated 27 March 2026. The shares serve as collateral for financial assistance availed by a group company. Yatin Sanjay Gupte holds 8,52,72,898 shares (5.98% of total share capital) in Mangalam Industrial Finance Ltd, meaning approximately 79% of his holding has been pledged. The filing is made under SEBI SAST Regulations 31(1) and 31(2).

Likely market impact

A significant portion of the promoter's stake is now pledged as collateral, which raises concerns about potential share selling pressure if the loan defaults. This high pledge ratio may signal financial stress in the group and could affect investor confidence in the stock.