The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 21, 2025 for Abhishek Pathak ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Panorama Studios International Ltd promoters Abhishek Pathak and Kumar Mangat Rajaram Pathak submitted a revised disclosure (correcting an earlier August 18 filing) regarding creation of a pledge on their shares. The pledge was created on August 12, 2025 in favour of Neuzen Finance Private Limited for personal borrowing. Abhishek Pathak pledged 44,50,000 shares (6.27% of total share capital), while Kumar Mangat pledged 30,00,000 shares (4.23%). Combined, 74,50,000 promoter shares representing roughly 17.5% of promoter holdings were encumbered, taking the post-event encumbered promoter holding to about 49.63% of the company on a combined basis.
This is a rectification of an earlier disclosure on the same pledge event, not a new action — shareholders should not treat this as fresh news. The pledge does not change promoter ownership but signals that promoters have raised personal debt against their shares, which investors typically monitor as a leverage risk.