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 Santanu Agarwal
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Santanu Agarwal has created a pledge on 20,00,000 equity shares (0.22% of total share capital) in favor of Motilal Oswal Financial Services Limited. The pledge was created on May 21, 2026, for availing margin trading facility. Following this pledge, Santanu Agarwal's total encumbered shares stand at 50,21,000 (0.55% of total share capital), representing 12.97% of his total holding of 3,87,15,000 shares (4.26% of total capital). The document clarifies this pledge does not involve any transfer of ownership or control of shares. Multiple pledges were created between May 14-21, 2026 totaling approximately Rs. 10.06 Crores in share value against Rs. 6.04 Crores borrowed.
The pledge represents a modest 0.22% increase in encumbered shares and is below the 50% threshold of Santanu's holding, so it is unlikely to raise immediate regulatory concerns. However, the cumulative effect of multiple pledges by the same promoter for margin trading could signal increased leveraged activity.