The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 19, 2026 for Nilam Chaudhary
VIKRAMSOLR · price
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Nilam Chaudhary, a member of the promoter group, has created an encumbrance (pledge) on 30,00,000 equity shares of Vikram Solar Limited. The pledge was created on 14 May 2026 in favour of Jio Credit Limited for availing finance. Post this event, Nilam Chaudhary holds 68,65,573 shares (1.89% of total share capital), of which 30,00,000 shares (0.83%) are now encumbered. The total promoter group holding stands at 22,83,18,938 shares representing 63.01% of the company. The aggregate promoter encumbered shares across all entities are 1,80,99,750 (5.00% of share capital), including VSL Ventures Private Limited's existing encumbrance of 1,50,99,750 shares.
The pledge by a promoter group member for availing finance indicates potential borrowing against shares, which may signal financial activity. However, this represents only 0.83% of total share capital and does not appear to raise immediate concerns about promoter stake dilution or control.