The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 29, 2025 for Sanghi Poly Zips Pvt Ltd
Awaiting price reaction for this filing.
Sanghi Industries Ltd's promoter group entity, Sanghi Poly Zips Private Limited, has released a pledge on 14,82,500 shares, which is 0.57% of the company's total share capital. The shares were earlier pledged with IDBI Trusteeship Services Ltd. (ITSL), and the release was effective March 26, 2025, with the disclosure filed on March 29, 2025. After this release, the promoter entity holds zero encumbered shares. This is a routine disclosure under SEBI's takeover regulations to inform stock exchanges about changes in encumbrance on promoter holdings.
Mildly positive — the promoter has reduced its pledged share exposure to zero on this entity, lowering financial risk on the promoter group. However, the size of the release is very small (0.57%), so meaningful impact on the stock price is unlikely.