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 Dharani Devi C
SIGACHI · price
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Dharani Devi C, part of the Promoter Group of Sigachi Industries, has disclosed the creation of a pledge on 9,10,000 shares (0.23% of total share capital) on March 25, 2025, reported to the exchanges on March 31, 2025. The pledge is in favour of Suman Gandhi, with the stated reason being 'personal use.' Prior to this event, the promoter held 9,10,000 shares with no encumbrance; post-event, the entire holding of 9,10,000 shares stands encumbered. The total promoter shareholding in the company remains unchanged at 0.23% — only the nature of holding shifted from unencumbered to pledged.
The pledged stake is very small (0.23% of share capital), so the direct impact on the stock is limited. However, any fresh pledging by promoters, even small amounts, is worth tracking as it can sometimes signal personal liquidity needs; investors should watch for further disclosures or any invocation of the pledge.