The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 24, 2025 for Praturi Maruti Ram

Pledge Above 50pctOwnership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-3.2%Reaction day

₹9.33

prior close

₹9.78

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.9%-1.3% vs market

Software Products peers, median of 32sector-1.0%-2.2% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 2.2 pts less than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-3.2-1.9-1.3-1.0-2.2

Next day

+5.9-3.1+9.0-1.2+7.1

+6.0-1.6+7.6-1.5+7.5

+0.4-1.3+1.8-2.0+2.5

-0.6-2.0+1.4-3.3+2.6

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15d

+6.9-4.0+10.9-2.1+9.0

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-9.0-3.1-5.9-1.5-7.5

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UpDownMarket · Nifty Microcap 250Sector · Software Products peers, median of 32Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Praturi Maruti Ram, the Promoter and Managing Director of Telecanor Global Limited, has created a pledge (encumbrance) on 4,00,000 equity shares of the company on July 24, 2025. The pledge was created in favour of Rajulkumar Devidas Shah to raise an unsecured loan, with no trustee appointed. After this pledge, the promoter's total encumbered shares stand at 11,00,000 out of his total holding of 11,02,348 shares — meaning nearly 99.77% of his entire stake is now pledged. The encumbered shares represent 9.66% of the company's total share capital.

Likely market impact

This is a significant red flag for retail investors. The promoter has pledged almost his entire shareholding to raise an unsecured loan, which increases the risk of a forced sale if the loan is not repaid. Such high pledge levels often signal financial stress and can weigh negatively on the stock.