The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for RPS Industries Pvt Ltd & PACs
SIGACHI · price
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RPS Industries Pvt Ltd, part of the promoter group of Sigachi Industries, reported that 1.15 crore (11,503,000) pledged equity shares, equal to 3.01% of the company's total share capital, were invoked by the pledgee between January 14 and January 22, 2026, in an off-market transaction. Before the invocation, RPS Industries held 85.07 lakh shares directly (2.22%) plus 5.93 crore pledged shares (15.53%); after the event, the pledged portion fell to 4.78 crore shares (12.52%), while the direct holding remained unchanged. The combined promoter and PAC group continues to control roughly a third of the company, with the pledged shares now transferred out of the promoter entity's encumbered pool.
Pledge invocation is a negative signal as it suggests the promoter entity may be under financial stress or unable to meet margin/repayment obligations. While no shares were sold on the open market, the change in who holds these pledged shares could trigger supply overhang if the pledgee decides to sell, and may weigh on sentiment and stock price in the near term.