The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 22, 2026 for Sunil Purushottanm Agarwal
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Sunil Purushottanm Agarwal has disclosed creation of a new pledge on 20,00,000 shares (0.22% of total share capital) favouring Motilal Oswal Financial Services Limited on May 21, 2026. This is the fourth encumbrance event reported, following earlier pledges with Bajaj Financial Securities in mid-May. Sunil's total encumbered shares now stand at 50,00,000 (0.55% of capital), representing 4.52% of his 12.17% promoter holding. The stated purpose is solely for availing margin trading facility with no transfer of ownership or control. Aggregate pledged value across all four encumbrances totals Rs. 23.97 Crores against share value of Rs. 24.13 Crores, maintaining a security cover ratio of approximately 1.62-1.67x.
The pledge represents routine margin trading collateral and does not signal any change in control or ownership intent. With only 4.52% of Sunil's stake encumbered, the overall promoter group shows significant unencumbered holdings, limiting near-term dilution risk to shareholders.