Final Disclosure under Regulation 31(1) and Regulation 31(2) of SEBI (SAST) Regulations, 2011 by the Promoter of the Company.
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Promoter Tarun Chaturvedi has created a pledge over 1,60,00,000 equity shares (10.32% of total share capital) in favour of Jaswik Traders Private Limited. The pledge was executed on 14th August 2025 and disclosed on 27th August 2025. The proceeds are being used to secure a Loan Against Securities facility for the company's working capital needs. After this pledge, the promoter's encumbered holding stands at 10.32% of total share capital, against his overall holding of 2,53,21,156 shares (16.33%) in the company.
This is a routine financing move where the promoter is pledging his own shares to raise working capital for the company. Shareholders should monitor the pledged shares — if the loan is not serviced, the pledgee could invoke the pledge, which may lead to a change in promoter shareholding. The pledged portion (10.32%) is significant relative to the promoter's own stake (16.33%), so any default risk is worth tracking.