Mangalam Industrial Finance Details Share Pledge of Shares
Yatin Sanjay Gupte, a promoter of Mangalam Industrial Finance Limited, disclosed the creation of an encumbrance on the company's shares. The transaction involved pledging 17,543,895 Equity shares in favor of Blacksoil Capital Private Limited.The details of the acquisition and pledge were made in connection with a declaration under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The shareholding structure data provided in the disclosure outlines the following holdings for Mangalam Industrial Finance Limited:
| Parameter | Yatin Sanjay Gupte | PAC: Wardwizard Solutions India Private Limited | Total Holding |
|---|---|---|---|
| Shares Carrying Voting Rights (Before Acquisition) | 85,272,898 | 15,520,496 | 100,793,394 |
| Shares in Nature of Encumbrance (Before Acquisition) | 67,456,105 | - | 67,456,105 |
| Total (a+b+c+d) (Before Acquisition) | 100,793,394 | - | 100,793,394 |
The details of the acquisition/disposal transaction are as follows:
| Particular | Shares (Units) | Percentage (%) |
|---|---|---|
| Shares Encumbered / Invoked / Released (Creation of Pledge on Shares) | 17,543,895 | 1.23% |
| Total (a+b+c+/-d) | 17,543,895 | 1.23% |
Following the acquisition, the total shareholding remains at 100,793,394, with the share capital of the company reported as Rs. 1,42,51,29,928/- divided into 1,42,51,29,928 equity shares of Re. 1/- each. The total diluted share/voting capital of the company after the transaction is also stated as Rs. 1,42,51,29,928/- divided into 1,42,51,29,928 equity shares of Re. 1/- each.
The Company Secretary and Compliance Officer for Mangalam Industrial Finance Limited documented the requirement for creating the pledge on the shares.
Stock Price Movement
Mangalam Industrial Finance Ltd settled at ₹0.78 on Tuesday, declining 2.50% in after-hours trading. Shares fluctuated during the session, finding support near ₹0.77 before topping out at ₹0.83.Source:
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