Re-revised disclosure under Regulation 31(1) and Regulation 31(2) of SEBI (SAST) Regulations, 2011 by the Company
TICL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Tarun Chaturvedi has created a pledge on 1,60,00,000 equity shares (10.32% of total share capital) of the company with Jaswik Traders Private Limited as the pledgee, dated 14 August 2025. The pledge has been executed to secure a Loan Against Securities (Shares) facility, with proceeds intended for the company's working capital needs. The promoter's total holding remains unchanged at 2,53,21,156 shares (16.33%), and no shares were previously encumbered. The filing is a re-revised version of an earlier disclosure submitted to BSE and NSE.
With roughly 63% of the promoter's entire holding now pledged, any sharp drop in the share price could trigger margin calls or forced sale of pledged shares, posing a risk to shareholders. Investors should watch for further encumbrance disclosures and any change in the promoter's overall stake.