The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 03, 2025 for R V Consulting ....
SAGCEM · price
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On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 1.0 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoters Sreekanth Reddy Sammidi and RV Consulting Services Private Limited have submitted a revised disclosure of share encumbrance in Sagar Cements as on 31 December 2024. An additional 85 lakh shares (6.50% of total share capital) were pledged on 31 December 2024 as security for Rs. 170 crore of unlisted, secured, redeemable non-convertible debentures (NCDs) issued by RV Consulting, with Catalyst Trusteeship as debenture trustee. Total promoter holding in Sagar Cements stands at 48.31% (around 6.31 crore shares), of which roughly 79.89% is currently encumbered, meaning nearly 80% of promoter shares are pledged. The security cover on the pledged shares is Rs. 187.85 crore (1.105x the NCD value), and the borrowed funds are earmarked for personal use by the promoters. Pre-existing encumbrances in favour of PIOF and AvH Resources India (totalling about 4.75 crore shares or 36.35% of capital) also remain in place.
With nearly 80% of promoter holdings already pledged, there is limited unencumbered promoter equity left as a buffer, increasing vulnerability to any sharp fall in the share price or margin call events. Investors should view this as a risk signal on promoter financial health and track any further pledge creation or invocation closely.