The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 03, 2026 for Iftikharul Amin, Sophia ....
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Promoters of Super Tannery Ltd — Iftikharul Amin, Sophia Amin, Iqbal Ahsan, and Ismat Iqbal — have collectively pledged 3.22 crore equity shares (51.12% of their total promoter holding and 29.87% of the company's total share capital) with SBI CAP Securities Ltd (through SBI Overseas Branch, Kanpur) as collateral for a working capital loan of Rs. 101.80 crores. The pledges were created on 27 February 2026 and 2 March 2026, and the disclosure was filed on 3 March 2026 under SEBI SAST Regulations. The encumbrance exceeds both 50% of promoter shareholding and 20% of total share capital thresholds. Promoters collectively hold 58.42% of the company (6.31 crore shares), and the pledged shares are valued at about Rs. 23.54 crores at Rs. 7.30 per share. The end use of the borrowed funds is stated to be for company business purposes.
This is a high encumbrance level — over half of promoter shares are now pledged — which increases the risk of forced selling if the company faces difficulties servicing the Rs. 101.80 crore working capital loan. For retail investors, this is a yellow flag worth monitoring, though the funds are intended for business use rather than personal benefit, and the shares are held with a scheduled commercial bank.