SARIKA BHATIA 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.
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Awaiting price reaction for this filing.
Sarika Bhatia, on behalf of the Promoter and Promoter Group of Servotech Renewable Power System, has filed a disclosure of pledged shares as required under SEBI's Takeover Regulations. The total promoter group holding stands at approximately 13.20 crore shares. Out of this, around 52.40 lakh shares have been pledged during FY2024-25, split between Mr. Raman Bhatia (50.86 lakh shares), Raman Bhatia HUF (84,081 shares), and Mr. Rishabh Bhatia (70,400 shares). The pledged shares represent roughly 4% of the total promoter holding, which is a relatively low level of encumbrance.
The pledge level is modest at around 4% of promoter shares, so there is no immediate concern for retail shareholders. However, investors should keep an eye on any future increases in pledged shares, as rising promoter pledging can be a risk signal for the stock.