The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 31, 2025 for RPS Industries Pvt Ltd
SIGACHI · price
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RPS Industries Private Limited, a promoter of Sigachi Industries, has disclosed the creation of new share pledges under Regulation 31 of SEBI Takeover Regulations. The promoter holds 7,53,17,250 shares (19.71% of total share capital), of which only 3,23,50,000 shares (8.47%) were already encumbered. Between January 31 and March 20, 2025, RPS Industries created 8 new pledge tranches totaling roughly 4,07,60,000 shares (around 10.63% of share capital) in favor of entities such as Sai Roshni Capital, Comfort Fincap, Anurag Reddy, IIFL Securities, and Jio Finance Services. The stated reason is equity participation by the promoter. Post-event, total encumbered shares stand at 7,31,10,000 (19.10% of share capital), meaning roughly 97% of the promoter's own holding is now pledged.
This is a high-pledge situation where the promoter has pledged nearly all of its stake, raising concerns about financial leverage and potential risk of invocation if share prices fall or loan terms are breached. Retail investors should view this as a negative risk signal warranting closer monitoring of the stock and any further disclosures.