Disclosure under Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011- Creation of Encumbrance.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 4.7 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Promoters Kush Sureshbhai Patel and Kashyap Sureshbhai Patel have pledged a total of 20,33,898 shares (24.40% of total share capital) of Rudra Gas Enterprise Ltd with Shree Kamdhenu Financial Services Private Limited, an NBFC. Each promoter pledged 10,16,949 shares (12.20% of total share capital). The pledge was created on 19.03.2026 to secure a loan of Rs. 7 crore, with the pledged shares valued at approximately Rs. 13.02 crore (security cover of 1.85:1). The borrowed funds are intended for the benefit of the listed company, specifically for acquisition of shares in another company in a similar vertical. Total promoter shareholding remains at 73.06%, with 33.40% of promoter shares now encumbered.
This is a creation of pledge, not an invocation or sale, so there is no immediate negative impact. However, 24.40% of total share capital is now pledged, which is significant. The loan purpose appears strategic (acquisition in similar vertical), but investors should monitor for any pledge invocation risk, especially since the share cover ratio of 1.85x means a meaningful drop in share price could trigger margin concerns.