The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 28, 2026 for Pushpa Pungalia
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Awaiting price reaction for this filing.
Promoter Pushpa Pungalia has reported two encumbrance events on her 40.90 lakh shares (3.28% stake). On February 20, 2026, she released a pledge of 12 lakh shares (0.96%) earlier held with Imperial Private Limited. On February 24, 2026, she created a fresh pledge of 12 lakh shares (0.96%) with Bikewin Solutions Trading Private Limited. The stated reason for both events is to generate liquidity and infuse funds into the company. Her pledged position remains at 0.96% of total share capital post these events, with her effective unencumbered holding at 2.56%.
Net pledge position remains unchanged at 0.96%, so there is no material impact on shareholding pattern or stock price. However, shareholders should note that the promoter is using shares as collateral to raise liquidity, which is a routine but worth-monitoring activity.