BSENeogem India LtdLowNeutral
Announced Wed, 24 Sept · 14:37 IST
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 23, 2025 for Rekha Mahindra Doshi
Ownership Changes View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Promoter Rekha Mahindra Doshi has created a pledge on 10,89,950 equity shares of Neogem India Ltd, representing 13.34% of the company's total share capital. The pledge is in favor of Pranav Financial Services Private Limited and was created on September 16, 2025. The stated reason is to raise funds, and no shares of this promoter were previously encumbered. The disclosure was filed with BSE on September 23, 2025 under SEBI's Takeover Regulations.
Likely market impact
A new pledge of 13.34% by a promoter indicates the promoter is using shares as collateral to raise funds. This is worth monitoring — if share prices fall sharply, forced sale or invocation of the pledge could pressure the stock.