The Exchange has received Re-revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 04, 2025 for Manohar Lal Punglia
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Manohar Lal Punglia has filed a re-revised disclosure to fix chronological errors in his earlier encumbrance filing under SEBI SAST Regulations. The corrected disclosure reports multiple pledge-related events between September 22 and September 26, 2025, including share pledges to entities such as Comfort Nidhi Fincap Limited and Castings & Alloys Private Limited, plus one invocation event on September 22, 2025. Encumbered shares range from about 80,000 to 11,00,000 shares per transaction, with cumulative post-event encumbrance rising from 1.52% to about 2.22% of total share capital. The stated reason for the pledges is to generate liquidity for infusion of funds into the company. The promoter's overall holding remains unchanged at 82,20,000 shares, or 6.59% of total share capital.
This is essentially a corrective compliance filing and does not signal any change in promoter ownership. It does highlight that the promoter is increasingly using share pledges to raise funds, and one event involved an invocation, which retail investors should monitor as a potential risk indicator.