The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 13, 2025 for Baba Basuki Distributors Pvt Ltd
SIMPLEXINF · price
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Promoter entity Baba Basuki Distributors Pvt Ltd has disclosed the creation of a new pledge on 6,285,711 shares of Simplex Infrastructures Ltd (about 9.35% of total share capital) on May 8, 2025. The pledgee is East End Trading & Engg Co. Pvt Ltd. Baba Basuki holds 10,800,264 shares in total (16.07% of the company), and this filing was made under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 to inform the stock exchanges. The promoter group includes several other entities such as Rajiv Mundhra (13.96% holding), Ajay Merchants Pvt Ltd (7.15%), and Sandeepan Exports Pvt Ltd (1.49%), indicating a spread of promoter ownership across multiple group companies.
Shareholders should note that a promoter entity has pledged an additional ~9.35% stake, which signals potential funding pressure on the promoter. While not a sale of shares, higher pledged holdings generally raise concern about possible invocation risk if the promoter faces financial difficulty.