Disclosure under Reg 31 (4) submitted by M/s GTN Textiles Ltd being the main promoter of M/s Patspin India Ltd
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On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.5 pts less 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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Patspin India Ltd's main promoter, GTN Textiles Ltd, has filed its annual disclosure of encumbered (pledged) shares for the year ended March 31, 2025. GTN Textiles holds 1,42,87,068 equity shares (46.21%) in Patspin India, of which 72,86,405 shares (23.57% of total share capital) remain pledged. The pledge was created on 17 July 2023 in favour of a Central Bank of India consortium (Central Bank of India, State Bank of India, and Karur Vysya Bank) as part of Patspin's Resolution Plan under RBI's Prudential Framework for Stressed Assets. The promoter confirmed no new encumbrance, release, or invocation has taken place during the year — this is a routine status update.
No new action on the pledge means no immediate risk to shareholders from invocation, but the promoter holding is below the 50% majority mark (46.21%), and over half of those promoter shares are pledged with lenders, which keeps governance and control risk in focus.