Silgo Retail Limited has informed the Exchange regarding 'Disclosure under Regulation 31(4) of Securities Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011'.
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Silgo Retail Limited's promoter group has disclosed share encumbrances created during the financial year ended March 31, 2026. The promoter group collectively holds 1,29,35,274 equity shares representing 40.44% of total share capital. Nitin Jain, the Promoter and Managing Director, holds 1,18,40,649 shares (37.01%), of which 50,00,000 shares have been encumbered during the year. The encumbered shares represent approximately 38.6% of the promoter group's total holding. The disclosure is a routine regulatory filing required under SEBI takeover regulations.
The 50 lakh shares pledged by the promoter represent a moderate level of encumbrance on promoter holdings. This indicates promoter reliance on borrowed funding but is not at alarming levels. The 40.44% promoter holding means the company is classified as having a 'promoter below 50%' shareholding structure.