Mangalam Industrial Finance Ltd. Reports Pledge Invocation of Promoter Shares
Mangalam Industrial Finance Limited announced that Wardwizard Solutions India Private Limited, a promoter of the company, has triggered the invocation of a pledge over 90,00,00,000 equity shares. The invocation was initiated by DY Captive Projects LLP, acting as the pledgee, to secure a Loan Against Securities (Shares) facility.The transaction occurred on March 13, 2026.
Here's a summary of the transaction details:
| Sr. No | Name of Target Company | Name of Lender | Number of Equity Shares | Date of Transaction | Type of Transaction |
|---|---|---|---|---|---|
| 1 | Mangalam Industrial Finance Limited | DY Captive Projects LLP | 9,00,00,000 | March 13, 2026 | Pledge Invocation |
Wardwizard Solutions India Private Limited held 10,55,20,496 shares, representing 7.40% of the total share capital. Following the invocation, DY Captive Projects LLP now holds the pledged shares. The action was taken in accordance with the terms and conditions stipulated in the Deed of Share Pledge cum Loan Agreement.
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