The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for DY Captive Projects LLP
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DY Captive Projects LLP has acquired 9,00,00,000 (9 crore) equity shares of Mangalam Industrial Finance Ltd, representing 6.32% of the company's total share capital. The acquisition happened on 13th March 2026 through invocation of a pledge on shares originally pledged by Wardwizard Solutions India Private Limited. Before this transaction, DY Captive Projects LLP held no direct shares but had 90,000,000 shares as encumbered (pledged) holdings. After the invocation, the LLP holds 9 crore shares (6.32%) as direct voting rights with no remaining encumbrance. The total equity share capital of Mangalam Industrial Finance Ltd stands at Rs. 142.51 crore divided into 142.51 crore equity shares of Re. 1 each.
This is a pledge invocation event, meaning the lender (DY Captive Projects LLP) took ownership of pledged shares after the borrower (Wardwizard Solutions India Pvt Ltd) likely defaulted on obligations. Shareholders should note a change in the shareholder base and monitor for further disclosures, as this signals financial stress at the pledgor entity and a shift in control of a meaningful 6.32% stake.