The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on January 02, 2026 for Manesh Dayashankar Madeka
ROLEXRINGS · price
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Awaiting price reaction for this filing.
Promoter Manesh Dayashankar Madeka, who holds 2,59,89,150 shares (9.54% of total share capital) in Rolex Rings Ltd, has created fresh pledges on 73,00,000 shares as on 31st December 2025. Of these, 50,00,000 shares (1.84% of share capital) have been pledged in favour of Tata Capital Limited and 23,00,000 shares (0.84% of share capital) in favour of Equirus Finance Private Limited. Post these creations, total encumbrance on promoter shares rises to 2.68% of the company's share capital. The disclosure has been made to both BSE and NSE under SEBI Takeover Regulations.
Creating a pledge means the promoter is using his shares as collateral to raise funds, which is a mild negative signal as it increases the risk of forced sale if loan obligations are not met. However, since the promoter holds only 9.54% and the pledged portion is a fraction of his holdings, the immediate risk to shareholders is limited but worth monitoring.