The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 27, 2025 for Skay Finvest Pvt Ltd
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On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.1 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shailesh Shah, Promoter and Managing Director of Sky Industries Ltd, has disclosed the release of 1,63,500 pledged equity shares (2.07% of total share capital) held by Skay Finvest Private Limited (a promoter group entity whose beneficial ownership lies with Shailesh Shah). The pledge was originally created in favour of Union Bank of India as security for a loan facility extended to the erstwhile group company M/s SK Exports. With the loan apparently settled, the encumbrance on these shares stands fully released as of November 26, 2025. Additionally, the disclosure notes that these shares will be transferred from Skay Finvest Pvt Ltd to Shailesh Shah pursuant to a Family Arrangement, with a separate intimation to follow once the transfer is completed.
This is a positive development for shareholders as it removes the encumbrance risk on these shares. The release eliminates any overhang from potential forced sale of pledged shares and reduces the promoter's overall pledged exposure, though the pledged quantity was small (only 2.07% of capital).