The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 02, 2026 for Harjeet Singh Arora ....
MASTERTR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Harjeet Singh Arora has created a pledge on 25,00,000 equity shares (2.03% of total capital) in favour of ICICI Bank Limited. The shares are being pledged as collateral for loans to be availed by Master Capital Services Limited, a wholly owned subsidiary of Master Trust Ltd. Post this event, Harjeet Singh Arora's total encumbered holding stands at 75,00,000 shares (6.10% of capital). The filing also shows co-promoter Rajinder Kumar Singhania similarly pledged 25,00,000 shares, with his total encumbered position also at 75,00,000 shares (6.10%). Total promoter encumbrance across all promoters is 1,50,00,000 shares (12.20% of capital).
This pledge by promoters to fund subsidiary operations using shares as collateral is relatively common and does not indicate immediate concern. The pledge levels remain below regulatory thresholds for disclosure as a standalone concern. Shareholders should monitor if encumbrance levels increase significantly in future filings.