The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 08, 2025 for Vipul Thakkar, Jignesh ....
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Four promoters of Silver Touch Technologies Ltd — Vipul Thakkar (36,850 shares), Jignesh Patel (36,850 shares), Minesh Doshi (27,500 shares) and Palak Shah (8,800 shares) — created pledges on their equity shares on August 7, 2025, with Yes Bank as the lender. In total, 110,000 promoter shares have been pledged. The stated reason is to act as collateral for loans being raised by the company itself, not for personal borrowings. The pledges represent a small fraction of each pledgor's overall holding in the company.
Pledging promoter shares as collateral for company-level borrowing is generally seen as a routine step when a firm seeks financing, but it does mean a portion of promoter holdings is encumbered. Shareholders should watch for any margin call risk or future pledge invocation if the company's loan situation deteriorates.