The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Gupte
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Promoter Yatin Sanjay Gupte has created a pledge on 67,456,105 equity shares (4.73% of total share capital) in favour of Blacksoil Capital Private Limited. The shares are being pledged as collateral for a credit facility secured by the target company from Radhamani Limited. Before this pledge, Yatin Gupte held 85,272,898 shares (5.98%) and PAC Wardwizard Solutions India held 15,520,496 shares (1.08%), taking the total promoter group holding to 7.06%. There is no acquisition or disposal of shares - only the encumbrance status of existing shares has changed.
The pledge represents 79.1% of the promoter's existing shareholding, indicating significant leverage being taken against promoter shares. This reduces the pool of freely available promoter shares and may signal financial stress or borrowing against equity holdings.