Sanjay B. Patil has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
Sanjay B. Patil has submitted a Regulation 31(4) disclosure under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, on behalf of promoters of Abhishek Corporation Limited. The disclosure lists shares encumbered (pledged) by four promoters: Shri Sanjay B. Patil, Late Anasaheb R. Mohite, Shri Abhishek A. Mohite, and Smt Anjali A. Mohite. Across multiple pledge entries, approximately 1.74 crore shares appear to have been disclosed as pledged. The filing notes that these encumbrances were already disclosed during the respective financial year (2011), suggesting this is a routine re-submission of existing pledge details rather than new pledging activity.
This appears to be a routine regulatory disclosure rather than a new event, so the immediate impact on shareholders is likely neutral. Investors should monitor whether any pledged shares are invoked or released, as high promoter pledging can signal financial stress.