The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 06, 2025 for Murali Krishna Jonnavittula
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Promoter Murali Krishna Jonnavittula has created a fresh pledge of 2,00,000 shares (0.85% of total share capital) of Vedavaag Systems Ltd on October 6, 2025. The pledge has been created in favour of Hindustan Agrigenetics Limited as security against a working capital loan given to the company. With this new pledge, the promoter's total encumbered shares have risen to 14,50,000 shares, representing 6.18% of total share capital, up from 5.33% earlier. The promoter currently holds 45,98,712 shares, equal to 19.60% of Vedavaag Systems' total share capital, of which roughly 31.5% is now pledged.
A fresh pledge creation is a mildly negative signal as it increases the promoter's already encumbered stake, but the overall pledge level remains modest at 6.18% of total capital and the borrowing is for the company's working capital needs, which limits immediate downside risk for shareholders.