The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 20, 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 new pledge on 13,25,000 shares (0.15% of total share capital) with Bajaj Financial Securities Limited and 2,25,000 shares (0.03%) with Motilal Oswal Financial Services Limited between May 18-20, 2026. The pledge is solely for availing margin trading facility and does not involve any transfer of ownership or control. Sunil Agarwal holds 10,86,92,800 shares representing 11.95% of total share capital. The encumbered shares as percentage of promoter holding is 2.76%, well below the 50% threshold. The value of shares pledged is Rs. 6.80 Crores against a loan amount of Rs. 4.20 Crores (cover ratio 1.62x). Other promoters including Santanu Agarwal, Profitcch Pvt. Ltd., PRI CAF PVT. Ltd., and Equilibrated Venture Cflow Pvt. Ltd. also reported pledge creations during the same period.
The filing indicates promoters using shares for margin trading, which is a routine financial practice. The pledge ratio remains low at 2.76% of promoter holding, suggesting no immediate concern about control dilution or forced sale risk. The margin trading purpose indicates liquidity management rather than distress.