The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on January 21, 2026 for Mahender Kumar Agarwal
SURYALA · price
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Suryalata Spinning Mills has informed the exchanges that promoter Mahender Kumar Agarwal has released a pledge on 5,67,868 equity shares, which were earlier pledged with IDBI Bank Limited. The release was effected on January 20, 2026, citing repayment of loan as the reason. These released shares represent 13.31% of the company's total share capital. After the release, the promoter's total holding in the company stands at 12,47,135 shares, equating to 29.23% of share capital.
This is a positive signal for shareholders as it indicates the promoter has repaid the loan and freed up shares from encumbrance, reducing the risk of forced selling. The release improves the promoter's financial standing and removes a potential overhang on the stock.