Promoter group discloses 28.66% pledged shares with SBICAP Trustee
MSPL · price
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On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 3.5 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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MSP Steel & Power promoter Saket Agrawal filed an annual disclosure under SEBI Takeover Regulations on behalf of the promoter group. The promoter group holds 40.22 percent (22.79 crore shares) of the company, of which 16.24 crore shares (28.66 percent of total equity) are pledged with SBICAP Trustee Company Limited. No new encumbrances were created during FY25-26 beyond the existing pledges already disclosed.
About 71% of promoter shares are pledged, showing high leverage. Promoter holding at 40.22% is below 50%, a key threshold to watch.