The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 24, 2025 for Sayaji Housekeeping ....
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Awaiting price reaction for this filing.
Sayaji Housekeeping Services Limited, a promoter of Barbeque-Nation Hospitality Limited, has filed a revised disclosure (rectifying a prior error in the 'Post Event Holding of Encumbered Percentage') regarding the creation of a pledge on 5,41,516 equity shares (1.39% of total share capital) in favor of Axis Bank Limited on 27th March 2025. The pledge was created as security for a Rs. 75 crore loan taken by Sayaji Hotels Limited, the holding company of the pledgor. The pledged shares were valued at approximately Rs. 14.86 crore on the date of pledging, providing a security cover of 19.81 times. Post this pledge, Sayaji Housekeeping's total holding remains 1,16,02,828 shares (29.69%), of which 1.39% is encumbered — equivalent to 4.67% of the promoter's own shareholding.
This is a relatively small pledge (1.39% of equity, well below 50% of promoter holding) taken to secure debt at the promoter-group holding company level, not for Barbeque-Nation itself. Unlikely to materially affect the stock, but investors should watch for any future invocation, further pledging, or additional disclosures from the promoter group.