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 Balaji Zippers Pvt Ltd
Awaiting price reaction for this filing.
Balaji Zippers Private Limited, a promoter entity of Sanghi Industries Ltd, has released a pledge on 27,75,000 shares, which represents 1.07% of the company's total share capital. The pledged shares were held by IDBI Trusteeship Services Ltd (ITSL) and the release was effected on 26 March 2025, with the disclosure filed on 29 March 2025. The release reduces the encumbered (pledged) portion of the promoter's holdings in the company. The disclosure was made under Regulation 31(2) of SEBI's SAST Regulations, 2011.
This is a positive signal for shareholders — it reduces the promoter's pledged holdings, lowering the risk of forced selling or margin calls. Such a release often improves investor confidence in promoter financial health, though the impact on stock price is typically modest given the small 1.07% size.