The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 17, 2025 for R V Consulting Services ....
SAGCEM · price
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Promoters of Sagar Cements have disclosed that shares held by Mr. Sreekanth Reddy Sammidi and M/s R V Consulting Services Private Limited (a promoter group entity) have been encumbered as security for Rs. 50 crore secured, unlisted, redeemable non-convertible debentures (NCDs) issued by R V Consulting Services, with Catalyst Trusteeship Limited as debenture trustee. The pledge dated December 9, 2025 involves 50 lakh shares each from the two promoter entities, though no additional new shares were pledged — this is an extension of security on the already encumbered 50 lakh shares each. Crucially, encumbered shares now stand at 80.80% of total promoter shareholding, and total promoter shareholding in the company is 48.33% of the total share capital. The NCD terms also include a change-of-control restriction where any change without the debenture trustee's consent would trigger an event of default. The end use of the borrowed funds is stated as personal use by promoters and PACs.
This is a significant encumbrance signal — 80.80% of promoter holdings are now pledged, well above the 50% threshold that triggers heightened disclosure. With total promoter holding at 48.33% (below 50%) and 20%+ of total share capital encumbered, shareholders should monitor for any event of default or forced sale of pledged shares, which could pressure the stock price.