The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 16, 2025 for Manekchand Panachand ....
SADHNANIQ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Manekchand Panachand Trading Investment Co Pvt Ltd has created a pledge on 16,00,000 equity shares (0.49% of total share capital) of Sadhana Nitro Chem Ltd in favour of JM Financial Services Ltd as security against a loan. The pledge was created on 28 April 2025 and disclosed to the exchanges on 13 May 2025 under SEBI SAST Regulations 31(1) and 31(2). Post-event, the promoter's total encumbered shares stand at 11,68,25,332 shares, which is 35.47% of the company's total share capital. The promoter's overall holding in the company remains unchanged at 20,08,76,986 shares (60.98% of share capital).
This is a small incremental pledge (0.49%) taken to raise a loan against shares; total pledged shares at 35.47% of capital is moderate and below the 50% level, so no immediate governance red flag. Shareholders should watch for any future invocation of the pledge, which could pressure the stock.