The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Keva Constructions Pvt Ltd & PACs
SHK · price
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Keva Constructions Private Limited, a member of the promoter group of S H Kelkar and Company, has additionally pledged 10,00,000 equity shares (0.72% of paid-up capital) of SHK with Infina Finance Private Limited on March 23, 2026. The pledge was created off-market to make good a margin shortfall caused by a fall in SHK's share price. With this addition, the total shares pledged by Keva Constructions with Infina Finance now stand at 63,00,000 shares, representing 4.55% of the company's paid-up equity share capital of 13.84 crore shares. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations.
The pledge addition was triggered by a margin shortfall from the recent share price decline, indicating some financial pressure on the pledgor entity. While the total pledged portion is still relatively modest at 4.55% of the company, investors should watch for any further pledges, invocation, or signs of broader promoter-group financial stress.