The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 08, 2025 for Amit Raj Sinha
SIGACHI · price
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Amit Raj Sinha has filed a revised disclosure under SEBI SAST Regulations regarding the invocation of 10,00,000 (10 lakh) pledged equity shares of Sigachi Industries on August 1, 2025. Prior to this event, the promoter held 2,35,10,022 shares (6.15% of share capital) with 25,00,000 shares (0.65%) already encumbered. After invocation, the promoter's encumbered shares stand reduced to 15,00,000 (0.39% of share capital). The pledged shares were held in favor of KNAB Finance Advisors Pvt Ltd, and the stated reason is equity participation by the promoter. This is a revision of the earlier disclosure submitted on August 5, 2025.
Pledge invocation signals financial stress or a forced exit by the lender, which can create overhang on the stock. However, the quantum here is relatively small (0.26% of share capital) and the promoter still retains 6.15% stake, so immediate dilution impact is limited but worth monitoring.