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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Awaiting price reaction for this filing.
Keva Constructions Private Limited, a member of the promoter group of S H Kelkar and Company Ltd, has disclosed an additional pledge of 10,00,000 shares (0.72% of paid-up equity capital) with Infina Finance Private Limited on January 29, 2026. This takes the total shares pledged by KCPL with Infina to 53,00,000 shares, or 3.83% of SHK's paid-up equity share capital of 13.84 crore shares. The company stated the additional pledge was made to cover a margin shortfall caused by the recent fall in SHK's share price. The transaction was carried out off-market and the total promoter group holding remains unchanged — only the encumbered portion has increased.
This is a negative signal for shareholders: promoter-pledged shares have risen because of a share price decline, raising the risk of forced selling if the price falls further and margins are not topped up. However, the pledged portion is still relatively small at 3.83%, so the immediate risk to the stock appears limited.