The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 13, 2025 for Hariprabha Aravindbhai Parikh
PASHUPATI · price
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On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.3 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Hariprabha Aravindbhai Parikh has released a pledge on 5,00,000 equity shares (about 6.83% of her holding) of Pashupati Cotspin Limited, which were earlier pledged with M/s. Spread X Securities Private Limited. The release was done on October 9, 2025, and the disclosure was filed with BSE and NSE on October 13, 2025. As a result, the promoter's encumbered shares dropped from 10% to 3.17% of her total holding of 15,83,000 shares (10.03% promoter stake). The reason stated for the release is repayment of the loan undertaking against which the shares were pledged.
This is a positive signal for shareholders, as a pledge release typically means the promoter has reduced leverage and lowered financial risk on her holding. It indicates improved financial flexibility for the promoter and removes the risk of forced sale of pledged shares.