The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 24, 2026 for Sai Business and Consultancy ....
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Promoter entity Sai Business and Consultancy Systems Private Limited has released a pledge on 3,36,900 equity shares (11.70% of total share capital) of Sai Capital Limited. The release was effective April 22, 2026. Following this, the promoter's entire holding of 3,62,600 shares (12.59% of total share capital) is now free of any encumbrance. The disclosure has been filed with BSE under Regulation 31(1)/31(2) of the SAST Regulations, 2011. This means the shares are no longer held as collateral against any loan or obligation.
The release of pledge is a positive development for the stock as it frees up a significant portion of promoter holding from lender encumbrances, reducing risk for potential investors and improving the promoter's flexibility to deal with these shares.