The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has created a pledge over 37,00,000 equity shares (about 1.42% of the company's share capital) in favour of Comfort Fincap Limited on 29 September 2025. The pledge was created to secure a financial assistance/credit facility. After this transaction, the total encumbered shares held by the promoter stand at 4,18,21,729 shares, or 16.04% of the company's capital, up from 14.62% earlier. Yatin Gupte directly holds 4,85,66,153 shares (18.63%), and together with PAC Wardwizard Solutions India Pvt Ltd (1.11%), the promoter group's total holding remains 19.74% — no equity sale or purchase has taken place, only an encumbrance.
Shareholders should note that the promoter is raising funds by pledging shares, which raises financial risk if the stock falls sharply — a drop could trigger margin calls or pledge invocation. The pledging with a non-bank financier may also signal that the promoter is using share-backed borrowing for liquidity or business needs.