The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 04, 2026 for Ricon Commodities Pvt Ltd
V2RETAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ricon Commodities Private Limited, a promoter group entity of V2 Retail Ltd, has created a pledge on 33,50,000 equity shares representing 0.91% of the total share capital. The pledge was created on March 30, 2026, as collateral for a loan taken from Infina Finance (P) Ltd. After the encumbrance, Ricon Commodities holds 12,86,27,100 shares (35.28%) in the company. The disclosure was filed as a revised filing on May 4, 2026, and is in compliance with SEBI's substantial acquisition and takeover regulations.
The pledge of shares by a promoter group entity indicates borrowing against company shares, which may signal financial stress or liquidity needs within the promoter group. However, at 0.91%, this is a relatively small portion and unlikely to have immediate impact on the stock unless the lender invokes the pledge.