The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 22, 2026 for Rekha Mahindra Doshi
Awaiting price reaction for this filing.
Rekha Mahindra Doshi, a member of the promoter group of Neogem India Ltd, has submitted a revised disclosure under SEBI (SAST) Regulations, 2011 to report the release of a pledge on 10,89,950 equity shares (13.34% of total share capital). The pledge was originally created on 23 January 2026 in favour of Pranav Financial Services Private Limited and has been released effective 15 April 2026. The release reason stated is that the borrowed funds have been repaid, and therefore the security stands released. The revised disclosure was filed to correct an earlier omission where the pledge creation and release details were not originally disclosed.
The release of a 13.34% encumbrance on promoter shares improves transparency around the promoter's shareholding structure and reduces the pledged shareholding to zero for this entity. This is a positive signal for minority shareholders as it reduces the risk of forced selling of promoter shares.