The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 28, 2025 for RPS Industries Pvt Ltd
SIGACHI · price
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RPS Industries Private Limited, a promoter of Sigachi Industries, has informed the exchanges that 5,10,000 of its pledged shares (0.13% of total share capital) have been invoked by Jio Finance Services Limited on July 24, 2025. The reason cited for the encumbrance was equity participation by the promoter. Prior to the invocation, RPS Industries held 7,53,17,250 shares (19.71%) in Sigachi, of which 7,31,10,000 shares (19.13%) were already pledged. Post-invocation, the encumbered shares stand at 7,26,00,000 (19.00% of share capital). The invocation was disclosed to BSE and NSE on July 28, 2025 under SEBI Takeover Regulations.
The invocation means the lender (Jio Finance) has taken possession of these shares, which could lead to a potential sale in the open market and mild overhang pressure on the stock. However, the size is small (0.13% of capital), so direct price impact is limited, though it does signal financial stress at the promoter entity.