Markand Adhikari has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
TVVISION · price
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Awaiting price reaction for this filing.
Markand Adhikari, on behalf of the promoter and promoter group of TV Vision Limited, has filed the annual disclosure required under Regulation 31(4) of SEBI's Takeover Regulations for FY 2024-25. As of March 31, 2025, the promoter group along with persons acting in concert holds 1,24,76,845 equity shares. Out of these, 63,41,000 shares are pledged, which works out to roughly 50.8% of the promoter group's holding. The promoter has confirmed that no new encumbrances (pledges or charges) have been created during FY 2024-25 beyond those already disclosed. The filing lists six promoter individuals/entities, including Markand Adhikari, Heeren Adhikari, and three group companies (Prime Global Media, Global Showbiz, and Sri Adhikari Brothers Assets Holding).
With over half of the promoter holding already pledged, this is a yellow flag for retail investors. A high pledge ratio raises the risk of forced selling if the promoter faces a margin call, which could pressure the stock price. The disclosure itself is routine, but the existing pledge level warrants caution.