The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for DY Captive Projects LLP

Pledge invokedOwnership Changes View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+2.7%-6.1% vs market

Non Banking Financial Company (NBFC) peers, median of 205sector+0.8%-4.2% vs sector

On the reaction day the stock moved 6.1 pts less than Nifty Microcap 250 and 4.2 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

DY Captive Projects LLP has acquired 9,00,00,000 equity shares (6.32% of total share capital) of Mangalam Industrial Finance Ltd on 13th March 2026 through invocation of a pledge. These shares were originally pledged by Wardwizard Solutions India Private Limited, suggesting a loan default or covenant breach by Wardwizard. Before this event, DY Captive held no direct shares but had these 9 crore shares encumbered as a pledge; after invocation, the same shares now sit in DY Captive's name as direct voting shares. The total equity share capital of the company is Rs. 142.51 crore, divided into 142.51 crore shares of Re. 1 each. The company has a total capital base of around Rs. 142.5 crore, and this single transaction has shifted 6.32% ownership through a pledge enforcement route rather than an open-market purchase.

Likely market impact

For shareholders, this signals financial stress at Wardwizard Solutions India Pvt Ltd, a significant counterparty, which has lost its pledged holding in the company. The change in ownership of nearly 6.32% of shares via pledge invocation (not market purchase) can create overhang and uncertainty, potentially weighing on the stock in the near term as the market digests a new 6.32% holder.