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 SZF Pvt Ltd
Awaiting price reaction for this filing.
SZF Private Limited, a promoter entity of Sanghi Industries Ltd, has released a pledge on 68,84,000 shares (2.66% of total share capital) held by it in the company. The shares were pledged in favor of IDBI Trusteeship Services Ltd (ITSL), and the release was effected on March 26, 2025. Post-release, SZF Private Limited holds zero encumbered shares. The disclosure has been filed with BSE, NSE, and the target company on March 29, 2025 under SEBI SAST Regulations.
A pledge release reduces the promoter's encumbered holdings to zero on these shares, which is a positive signal indicating reduced financial stress or loan repayment by the promoter group, and may ease concerns about forced selling pressure on the stock.