The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 11, 2025 for Balewadi Techpark ....
VENTIVE · price
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Ventive Hospitality has submitted a revised SAST disclosure (originally dated March 27, 2025) correcting a discrepancy in how pledged shares were reported by two promoter entities. Balewadi Techpark Private Limited has pledged its entire 89.71 lakh shares (3.84% of total share capital, 100% of its individual promoter holding), and Panchshil Realty & Developers Private Limited has pledged 70.28 lakh shares (3.01% of total share capital, 76.91% of its individual holding). Both pledges are in favour of JM Financial Limited to secure a total borrowing of Rs. 350 crore, with the funds intended for business purposes of Balewadi Techpark. The combined pledged value of the shares was about Rs. 1,168 crore on the date of pledge, based on a closing price of Rs. 730 per share. The encumbrance is below 20% of total share capital, so no major shareholder-level threshold is breached at the company level.
While the pledge does not cross the 50% or 20% thresholds at the company level, the fact that one promoter entity has pledged 100% of its holding and another 76.91% raises the risk of forced selling if loan terms are breached. Shareholders should watch for any signs of financial stress in the promoter group and monitor for future pledge invocation disclosures.