The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 20, 2026 for Kush Sureshbhai Patel ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoters Kush Sureshbhai Patel and Kashyap Sureshbhai Patel have pledged 20,33,898 shares (12.20% each) of Rudra Gas Enterprise Ltd, totaling 24.40% of the company's total share capital and 33.40% of promoter holdings. The pledge was created on March 19, 2026 in favour of Shree Kamdhenu Financial Services Private Limited, an NBFC, to secure a loan of Rs. 7 crore against shares valued at approximately Rs. 13.02 crore (coverage ratio of 1.85:1). Total promoter shareholding remains at 73.06% (60,91,800 shares). The borrowed amount will be utilised by the listed company for acquisition of shares of another company in a similar vertical.
Encumbered shares remain below the 50% promoter threshold, so no immediate regulatory red flag. However, ~24% of total equity being pledged for a relatively small Rs. 7 crore loan raises questions about promoter cash needs and introduces risk of forced selling if the loan is not repaid.