The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on November ....
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Promoter entity Super Infincon Pvt Ltd has pledged 4,92,249 equity shares (4.34% of total share capital) of Supertex Industries in favour of Caparo Financial Solutions Limited on 6 November 2025. The promoter group holds 15,07,289 shares in total, which is 13.29% of the company, and the encumbrance represents 4.34% of promoter holding — well below the 50% promoter shareholding and 20% of total share capital thresholds. The loan amount involved is Rs 600 lakhs, against which shares worth only about Rs 35.15 lakhs (at Rs 7.14 per share) have been pledged, giving a low cover ratio of 5.86%. The stated end-use of the borrowed money is repaying an existing secured loan and meeting working capital needs.
This is a new pledge creation by a minority promoter (13.29% holding), not an invocation or release, so immediate risk to shareholders is limited. However, the very low share cover ratio (5.86%) means the pledged shares provide minimal security for the loan, which investors should monitor as a debt-quality signal for the promoter group.