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
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On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.