The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 15, 2025 for Shivani Amit Dahanukar
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On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 2.9 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Shivani Amit Dahanukar has created a pledge on 75,00,000 equity shares (3.87% of total share capital) of Tilaknagar Industries Ltd in favour of Bajaj Finance Limited on September 4, 2025, as security for a loan. After this pledge, her total encumbered shares rise from 2,92,55,152 (15.09%) to 3,67,55,152 (18.96%) of the company. Her overall promoter holding remains unchanged at 3,29,76,043 shares (17.01%). Other promoter group members — Amit Dahanukar (13.85%), Arunoday Investments (3.68%), M L Dahanukar & Co (4.91%), Priyadarshini Dahanukar (0.28%), and Anupama Dahanukar (0.24%) — already have significant portions of their holdings pledged, except the last two who have no encumbrance.
This is a routine disclosure of a new pledge creation by a promoter for a loan, raising her pledged holdings meaningfully but still well below the 50% threshold. No change in actual ownership or voting power, so direct stock price impact is limited, though higher pledging could be watched as a leverage signal.