The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 19, 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 informed the exchanges about the creation of a pledge on 16,00,000 equity shares (0.49% of share capital) of Sadhana Nitro Chem Ltd on April 28, 2025. The pledge was created in favour of JM Financial Services Ltd as security against a loan. The promoter holds 60.98% of the company (about 2.01 crore shares), of which roughly 35.47% of total share capital was already encumbered before this event. The disclosure was submitted to BSE and NSE on May 15, 2025 and received by the exchange on May 19, 2025.
This adds a small incremental pledge (0.49%) to an already substantially pledged promoter holding (~35% pre-event), mildly increasing the encumbrance burden on promoter shares. For retail investors, any rise in pledged promoter holdings is worth monitoring, though the pledgee (JM Financial) is a reputable financial entity and the purpose is routine loan security.