The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 20, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has released a pledge on 3,75,00,000 equity shares (14.39% of the company's total share capital) that were earlier pledged with Shri Parasram Holdings Private Limited as collateral for a loan. The release follows mutual termination of the underlying loan agreement dated 6th May 2025. Post-release, the promoter's pledged holdings stand reduced from 28.27% to 13.88% of total share capital. While the pledging has come down significantly, a sizeable portion of the promoter's shares (about 13.88%) remains pledged.
Positive signal — the release reduces the risk of forced share sales by the promoter due to a loan default and indicates settlement of that specific debt obligation. However, investors should note that a substantial chunk of promoter shares is still pledged, which remains a risk factor.