The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 11, 2025 for T S Rajam Rubbers Pvt Ltd
TVSSCS · price
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On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 0.2 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter group entity T.S. Rajam Rubbers Private Limited has disclosed the creation of a pledge on shares of TVS Supply Chain Solutions Limited under SEBI Takeover Regulations. A total of 4.85 crore shares (10.99% of total share capital) were pledged across two creation events on April 2 and April 10, 2025, with the disclosure filed on April 11, 2025. The shares were pledged to multiple lenders and debenture trustees (including Jio Fincap, Catalyst Trusteeship, Kotak Trusteeship, DSP Finance, Nippon India, and others) to secure financial assistance. Post-event, the promoter entity holds 5.55 crore shares (12.58%) in TVS SCS, of which the bulk is now encumbered.
This is a promoter-group pledge creation to raise borrowing, which can raise concerns if it signals financial stress; however, the disclosure notes this is a routine pledge-in-addition to existing covenants. Shareholders should monitor for any future invocation or additional encumbrances on the remaining unpledged shares.