The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on January 21, 2025 for Vithaldas Agarwal
SURYALA · price
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Promoter Vithaldas Agarwal has released 4,12,232 equity shares of Suryalata Spinning Mills that were previously pledged with IDBI Bank Limited. The release was carried out on January 20, 2026 and reported under SEBI (SAST) Regulations, 2011. Post-release, the promoter's shareholding stands at 5,12,232 shares, which is 12% of the company's share capital, down from 8,18,844 shares (19.19%) before the release. Remaining encumbered shares stand at 1,00,000 (2.34% of share capital).
This is a positive development for shareholders as it indicates the promoter has reduced leverage and freed up shares from being pledged as collateral. Lower pledged shares typically reduce the risk of forced selling and signal improved financial standing of the promoter.