The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Balakrishna Tati & PACs
VINCOFE · price
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Promoter Balakrishna Tati of Vintage Coffee and Beverages has pledged an additional 50,00,000 equity shares (3.84% of share capital) in favour of Nuezen Finance Private Limited on July 9, 2025. With this fresh encumbrance, his pledged shareholding has risen from 3.77% to 7.62% of the company. His direct equity holding remains unchanged at 1,97,69,586 shares (15.20%). The total promoter and PAC group holding stays the same at 38.81% (5,04,79,528 shares) after this transaction — only the nature of holding shifts as more shares are marked as encumbered. No shares were bought or sold; only a new pledge was created.
This is a debt-funded move by the promoter — shares are being used as collateral for a loan. No change in actual ownership means no dilution of promoter control, but higher pledged holdings can be a risk signal if the promoter faces financial stress. The combined promoter/PAC holding remains well below 50%, indicating the company does not have a majority controlling promoter group.