The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 18, 2025 for Kumar Mangat Pathak ....
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Promoter Kumar Mangat Pathak has created a pledge on 44,50,000 equity shares of Panorama Studios International Ltd, amounting to about 6.27% of the company's share capital, in favour of Neuzen Finance Private Limited. The pledge was created on 12 August 2025 for personal borrowing, and the disclosure was filed with BSE on 18 August 2025 under Regulation 31(1) and 31(2) of SEBI Takeover Regulations. After this pledge, the promoter's unencumbered holding stands at 25.24% of share capital, while his total promoter holding is 34.89%. The filing also lists encumbrance details for other promoter group members, including Abhishek Pathak, Shivaleeka Pathak, and Anamika Pathak, with smaller pledged share amounts.
Shareholders should note that the promoter has pledged shares worth 6.27% of capital for personal borrowing, adding to the encumbrance burden. If financial conditions worsen, invocation of the pledge could change the shareholding pattern and create selling pressure on the stock.