Disclosure under Reg 31(4) of SEBI SAST Regulations 2011 submitted by M/s GTN Textiles Ltd being Main Promoter of M/s Patspin India Ltd
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GTN Textiles Ltd, the main promoter of Patspin India Ltd, holds 1,42,87,068 equity shares representing 46.21% of the company's capital. Of this holding, 72,86,405 shares (23.57% of total capital) are pledged as encumbrance, favouring Central Bank of India Consortium (comprising Central Bank of India, State Bank of India, and The Karur Vysya Bank Ltd). The pledge was created on 17 July 2023 as part of the Resolution Plan for Patspin India Ltd under RBI's Prudential Framework for Resolution of Stressed Assets Directions, 2019. This is an annual year-end disclosure under Regulation 31(4) of SEBI SAST Regulations, 2011, confirming no additional encumbrances beyond those already disclosed.
Promoter stake at 46.21% is just below the 50% threshold. The 23.57% pledge on promoter shares represents a significant encumbrance but is within regulatory limits. No new encumbrance or release events are reported in this filing.