The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 05, 2025 for Skay Finvest Pvt Ltd
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Awaiting price reaction for this filing.
Sky Industries Limited has submitted a revised disclosure under SEBI SAST Regulations regarding the release of a pledge on 1,63,500 equity shares (2.07% of share capital) held by Skay Finvest Private Limited, whose beneficial ownership lies with promoter and Managing Director Mr. Shailesh Shah. The pledge, which was created earlier in favor of Union Bank of India as security for a loan facility extended to an erstwhile group company (M/s SK Exports), stood released on November 26, 2025. The filing was revised to correct format-related discrepancies pointed out by the exchange. Additionally, an inter-se transfer of these shares from Skay Finvest to Mr. Shailesh Shah, pursuant to a family arrangement, is pending and will be intimated upon completion. Promoter holdings remain otherwise unchanged, with Mr. Shailesh Shah holding 35.24%, Mr. Sharad Shah 14.73%, and Mrs. Saloni Dedhia 6.01% of the company.
The release of the pledge reduces encumbrance on promoter-linked shares and signals easing of financial obligations for the promoter group, which is a mildly positive development for shareholders. No change in overall promoter ownership; investors should watch for the subsequent inter-se transfer intimation.