The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 25, 2025 for Mahesh Shah
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Promoter Mahesh Shah has filed a revised SAST disclosure (Reg. 31(1) and 31(2)) with BSE confirming the creation of a pledge on 19,900 equity shares (0.05% of total share capital) of Royal Cushion Vinyl Products Ltd. The pledge was created on 13 January 2025 in favour of Capri Global Capital Limited as collateral security. The promoter holds 31,83,000 shares (8.70%) in the company. The revision corrects an earlier submission dated 17 January 2025 where promoter shareholding was wrongly reported.
The pledged quantity is negligible at just 0.05% of share capital, so the financial impact on shareholders is minimal. The disclosure itself is administrative and not expected to materially affect the stock price, though it does confirm the promoter holds below 10% of the company.