The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 11, 2025 for Yatin Sanjay Gupte
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Awaiting price reaction for this filing.
On July 4, 2025, promoter Yatin Sanjay Gupte had a pledge of 2,03,12,500 equity shares (about 7.79% of total share capital) invoked by Radhamani India Limited, the lender, due to default on a Loan Against Securities facility. The invocation was formally disclosed to BSE on July 11, 2025. After the invocation, the promoter's encumbered (pledged) shares stand reduced from 5,19,77,843 shares (19.94%) to 3,16,65,343 shares (12.15%), while total promoter holding remains 5,50,63,177 shares (21.12%). The invocation means the lender has taken control of these shares as recovery for the unpaid loan, which could lead to potential sale in the open market.
Negative signal for retail investors — indicates the promoter's financial stress and inability to service debt obligations. This creates an overhang risk as the lender may sell these shares in the market, potentially pressuring the stock price and diluting promoter control.