Plutus Wealth Management LLP has submitted to the Exchange a copy of Disclosure under Regulation 31(1) of SEBI (SAST) Regulations, 2011.
NAZARA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Plutus Wealth Management LLP, a promoter of Nazara Technologies, has filed a disclosure under SEBI SAST Regulations regarding existing encumbrances on shares. The disclosure is being made because Plutus and its PAC (Person Acting in Concert) Arpit Khandelwal recently became promoters/part of the promoter group after completing an open offer. Plutus Wealth Management LLP holds 1,01,07,580 shares (10.91% of total share capital), and all of these shares are currently encumbered. PAC Arpit Khandelwal holds 68,92,420 shares (7.44%), of which 66,92,420 shares (7.23%) are encumbered. No new creation, release, or invocation of encumbrance took place — this is simply a one-time disclosure of pre-existing pledges on the date of becoming a promoter.
While no new pledge action occurred, investors should note that essentially 100% of Plutus Wealth Management LLP's promoter holding and ~97% of Arpit Khandelwal's holding is already pledged, which is a material risk factor if share prices decline. However, the disclosure is procedural in nature and tied to a change in promoter status rather than a new financial event.