The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 19, 2025 for Iftikharul Amin & Others
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Awaiting price reaction for this filing.
Promoters of Super Tannery — Iftikharul Amin, Iqbal Ahsan, Veqarul Amin, Sophia Amin, and Ismat Iqbal — informed the exchange that SBI Overseas Branch Kanpur has released the pledge on their equity shares. The pledge had been created earlier as collateral for a working-capital bank limit, and the release was dated 30 November 2024 (reported to the exchange on 3 December 2024). For example, Iftikharul Amin's encumbered shares dropped from 9,142,502 (8.47%) to 100, Iqbal Ahsan's from 9,080,432 (8.41%) to 0, and Veqarul Amin's encumbered shares fell from 7,654,200 (7.09%) to 3,228,472 (3.05%). Sophia Amin's encumbered shares came down from 3,288,472 to 3,082,800, while Ismat Iqbal's entire pledged holding was released.
Generally a positive signal — reduced pledging lowers promoter financial leverage and risk of forced selling, but total promoter holding remains below the 50% mark, leaving room for any future change in control.