The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 29, 2026 for Sai Business ....
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Sai Business and Consultancy Systems Private Limited, a promoter entity of Sai Capital Ltd, has disclosed the release of pledge on 3,36,900 equity shares (11.70% of total share capital). The pledge was released on April 22, 2026, in favor of M/s. Worldwide Holdings Limited. This revision corrects an earlier submission from April 24, 2026 which omitted certain details including the reason for pledge release. The release was made consequent to the satisfaction and discharge of the Company's obligations towards a loan. Following the release, the encumbered shares of this promoter entity now stand at zero.
The release of pledge on 11.70% of shares increases the pool of freely tradeable promoter shares, which could provide more flexibility for future transactions. Shareholders should note this as a positive development indicating debt repayment.