The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 05, 2025 for Sunvin Trading and Investment ....
PRAKASH · price
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On the reaction day the stock moved 5.5 pts more than Nifty Microcap 250 and 3.9 pts more than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Two promoter group entities of Prakash Industries Ltd have released pledged equity shares on June 4, 2025. Sunvin Trading and Investment LLP released its entire pledged holding of 12,50,000 shares (0.70% of share capital), bringing its pledged count to zero. Shree Labh Lakshmi Capital Services Pvt Ltd released 7,50,000 shares (0.42% of share capital), reducing its pledged holding from about 17,36,071 to 9,86,071 shares. Both releases were made in favour of Virtue Financial Services Pvt Ltd, a third party. Combined, about 20 lakh pledged shares were freed up, reducing the promoter group's overall encumbered shareholding from roughly 3.53% to 2.98% of total share capital.
Positive for shareholders — the release of pledged shares lowers the promoter's encumbered holdings, reducing forced-sale risk and signalling reduced funding pressure. Promoter overall stake remains around 43%, well below the 50% takeover threshold, so no change in control dynamics.