The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 01, 2025 for Amritansh Chamaria
STARCEMENT · price
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On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.5 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Amritansh Chamaria, a Person Acting in Concert (PAC) of Star Cement Ltd, has created a pledge on 5,00,000 equity shares (around 0.12% of total share capital) in favor of Bajaj Financial Securities Limited as Loan Against Shares, effective April 1, 2025. Following this pledge creation, his total encumbered shares have risen from 16,00,000 to 21,00,000 shares, representing about 83.7% of his individual holding of 25,07,800 shares (0.62% of total share capital). The pledge type is 'Loan Against Shares,' indicating the shares were used as collateral for a loan. No change in actual ownership has occurred; only the encumbrance on the shares has increased.
This is a routine SAST disclosure signaling that the PAC is raising funds by pledging more of his existing shares, not buying or selling them. With over 80% of his holding now pledged, any sharp fall in the stock price could trigger margin calls or forced invocation, which is a risk factor for retail investors to monitor.