The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 25, 2025 for Kavitha Reddy Gangapatnam
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Promoter Kavitha Reddy Gangapatnam has released 2,00,000 equity shares that were earlier pledged with 360 One Distribution Services Limited on November 25, 2025. The reason cited is repayment of a loan. Post-release, the promoter's encumbered (pledged) shares have come down from 4,20,000 shares (1.37% of share capital) to 2,20,000 shares (0.72% of share capital). The disclosure was made under SEBI's SAST Regulations to BSE, NSE, and the company.
This is a positive development for shareholders as the promoter is reducing the pledge on her shares by repaying outstanding debt, signaling improved financial flexibility and lower risk of forced share sale. The pledge burden has nearly halved, which is generally viewed favorably by the market.