The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBICAP Trustee Company Ltd
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SBICAP Trustee Company Limited has filed a disclosure under SEBI (SAST) Regulation 29(1) regarding the acquisition of 3,22,48,406 equity shares of Super Tannery Limited, representing 29.87% of the company's total share capital. The mode of acquisition is explicitly noted as 'Pledge of Equity Shares', meaning these shares have been encumbered (pledged as collateral) and not actually purchased. The pledge was created on 27.02.2026 and 02.03.2026. Before this transaction, SBICAP Trustee held NIL shares; after the pledge, it holds 29.87% as encumbered shares. The total equity share capital remains unchanged at Rs. 21,12,27,059 (3,22,48,406 shares of Rs. 6.55 each), confirming this is a pledge creation and not fresh equity issuance. SBICAP Trustee is likely acting as debenture/security trustee for an SBI-group debt facility extended to the promoter.
Nearly 30% of Super Tannery's shares have been pledged with an SBI group trustee entity, suggesting the promoter has raised debt against these shares as collateral. While not an outright sale, a large pledge creation is a yellow flag — investors should watch for any signs of pledge invocation, which could lead to forced selling and pressure on the stock price.