The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has disclosed the creation of a pledge on 6,74,56,105 equity shares (4.73% of total share capital) of Mangalam Industrial Finance Ltd in favour of Blacksoil Capital Private Limited, with the encumbrance dated 30th March 2026. The promoter's direct holding remains at 5.98% (8,52,72,898 shares) and PAC Wardwizard Solutions India Pvt Ltd holds 1.08% (1,55,20,496 shares), keeping the total promoter group stake unchanged at 7.06% of the company. The company's total equity share capital is Rs. 142.51 crore divided into 142.51 crore shares of Re. 1 each. The disclosure notes the pledging is to secure a credit facility for the company, and that previously encumbered shares were released upon earlier loan repayment.
This is a pledge creation, not a change in ownership — the promoter group stake stays at 7.06%. Shareholders should note that 4.73% of the company's capital is now encumbered with Blacksoil Capital, so any loan default could lead to invocation and potential share sale in the market. The very low promoter holding (7.06%) signals a widely-held stock with limited promoter control.