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 Maruti Fasteners Pvt Ltd
Awaiting price reaction for this filing.
Maruti Fasteners Private Limited, a promoter entity of Sanghi Industries, has released a pledge on 14,68,750 shares, which is 0.57% of the company's total share capital. The pledge was held by IDBI Trusteeship Services Ltd (ITSL) and was released on March 26, 2025, with the disclosure filed on March 29, 2025. After this release, the promoter's encumbered shareholding stands at zero. The disclosure was signed by Ravi Sanghi, Director of Maruti Fasteners. The release means the pledged shares are now free from any encumbrance and can be freely traded by the promoter.
This is a positive, routine signal for shareholders — a pledge release reduces the risk of forced selling and indicates reduced leverage on the promoter's holdings. However, since the size is small (0.57%), the impact on the stock price is likely negligible.