The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 05, 2025 for VSL Ventures Pvt Ltd
VIKRAMSOLR · price
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VSL Ventures Private Limited, part of the promoter group of Vikram Solar Ltd, has created a pledge on 15,099,750 equity shares of the company, representing 4.17% of total share capital. The pledge was created on August 29, 2025, in favour of VISTRA ITCL (India) Limited, which is acting as a Debenture Trustee for lenders including 360 ONE Income Opportunities Fund (Series 4 and 6), SMMS Trust, True North Credit Opportunities Fund, and Incred Credit Opportunities Fund II. The purpose of the pledge is stated as collateral for a loan. Prior to this event, VSL Ventures had no shares encumbered, and post-event, the entire 4.17% holding stands pledged.
This is a routine disclosure showing the promoter group entity has pledged a portion of its stake as collateral for a loan facility. While the pledged 4.17% is not a controlling concern by itself, shareholders should monitor the overall encumbrance level of the promoter group and any future invocation of pledges, which could signal financial stress at the promoter level.