The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 31, 2026 for Suchit Punnose

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Price reaction · full curve 14 horizons · vs prior close

+10.1%1-day move

₹17.46

prior close

₹18.32

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.0+10.1+13.3+11.3+12.3+11.6+8.8+7.1+8.0-10.5-16.3

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AI summary

Suchit Punnose, Promoter and Whole Time Director of Modulex Construction Technologies Ltd, has disclosed creation of pledge on 18,92,489 equity shares representing 2.66% of total share capital. The pledge was created on 30th March, 2026 in favour of Pyxis Finvest Limited against financial assistance. This disclosure is made under SEBI (SAST) Regulations, 2011 which requires promoters to report encumbrance of shares to stock exchanges and the target company.

Likely market impact

The pledge of shares by a promoter in favour of a financial entity may indicate borrowing against shares as collateral. At 2.66% of share capital, this is a relatively small pledge and does not immediately signal loss of control, but warrants monitoring for any subsequent invocation of the pledge.