The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 17, 2025 for Parthasarathi Bhattacharya
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Awaiting price reaction for this filing.
Tierra Agrotech Ltd has disclosed that pledges on promoter shares held with HDFC Bank Limited were released on June 11, 2025. Three promoters — Parthasarathi Bhattacharya, Satish Kumar Tondapu, and Sailaja M — had a combined 21,27,251 shares (about 3.24% of total share capital) freed from pledge. The pledges had been created as collateral security in favor of HDFC Bank. After the release, none of these three promoters have any remaining encumbered shares. Other promoters like Suresh Atluri, Surinder Kumar Tikoo, and others had no encumbrance to begin with.
Pledge release is generally positive for shareholders — it signals reduced financial stress on promoters, frees up their holdings, and lowers the risk of forced share sales. This could improve sentiment around the stock.