Shashin Vishnubhai Patel has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
SADBHAV · price
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Awaiting price reaction for this filing.
Promoter and promoter group members of Sadbhav Engineering have filed their yearly Reg 31(4) disclosure showing shareholdings and pledged (encumbered) shares as of 31 March 2025. The promoter group together holds around 6.21 crore equity shares, of which about 5.00 crore shares are pledged, meaning roughly 80% of the promoter group's holding is encumbered. Notably, 100% of the shares held by Late Shantaben Vishnubhai Patel (1.68 crore) and Sadbhav Finstock Private Limited (1.26 crore) are pledged. The filing also states that no fresh encumbrance was created during FY25 beyond what was already disclosed earlier. This is a routine annual compliance filing, not a new transaction.
The very high pledging ratio (~80% of promoter holdings) is a red flag for retail investors as it signals significant financial stress or leverage at the promoter level; any forced sale of pledged shares could pressure the stock price. However, no new pledges were added this year, so the disclosure is largely confirming an existing risky position rather than worsening it.