Rudra Gas Enterprise Ltd. Discloses Creation of Encumbrance on Shares
Rudra Gas Enterprise Limited announced on March 20, 2026, the creation of an encumbrance on equity shares held by Kush Sureshbhai Patel and Kashyap Sureshbhai Patel, both promoters of the company, in favor of Shree Kamdhenu Financial Services Private Limited. This disclosure is in accordance with Regulation 31(1) and Regulation 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.The total number of shares encumbered is 20,33,898, representing 24.40% of the company's total share capital. Kush Sureshbhai Patel’s holding of 10,16,949 shares, constituting 12.20% of the total share capital, and Kashyap Sureshbhai Patel’s holding of 10,16,949 shares, also representing 12.20% of the total share capital, are pledged. The value of the shares is INR 13,01,69,472, and the amount borrowed is INR 7,00,00,000. The proceeds from the borrowing are being utilized by Rudra Gas Enterprise Limited for the acquisition of shares in another company within a similar vertical.
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