The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 30, 2026 for Dave Impex Pvt Ltd
SWANCORP · price
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Dave Impex Private Limited, a promoter of Swan Corp Ltd, has created a new pledge of 49,00,000 shares (1.56% of total share capital) in favour of Kotak Mahindra Bank Limited on 30 March 2026, as security for a financial facility availed by a group entity. After this pledge, Dave Impex has 1,88,91,000 shares (6.03%) encumbered out of its total promoter holding of 4,60,30,000 shares (14.68%). The disclosure also lists two other promoters with existing pledges: Swan Realtors (3 crore shares or 9.57% pledged of its 13.27% holding) and Swan Engitech Works (1.35 crore shares or 4.30% pledged of its 12.25% holding). The filing notes that Annexure-II does not apply as the encumbrance is within the prescribed threshold limits.
This is a routine, within-limits pledge creation by a single promoter entity, not an invocation or distress event, so the immediate stock impact should be limited. Retail investors should keep an eye on the aggregate pledged shares across all three promoter entities as rising pledges can signal increased leverage at the group level.