Rudra Gas Enterprise Ltd. Discloses Encumbrance on Promoter 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, the promoters of the company, in favor of Shree Kamdhenu Financial Services Private Limited. The disclosure was made 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.According to the filing, a total of 20,33,898 shares, representing 24.40% of the company's total share capital, have been pledged. Kush Sureshbhai Patel’s encumbered shareholding comprises 10,16,949 shares, representing 12.20% of the total share capital, while Kashyap Sureshbhai Patel's encumbered shareholding consists of 10,16,949 shares, also representing 12.20% of the total share capital.
The total promoter shareholding in Rudra Gas Enterprise Limited is 60,91,800 shares, equivalent to 73.06% of the company’s share capital. The encumbered shares account for 33.40% of the total promoter shareholding. The shares were pledged to Shree Kamdhenu Financial Services Private Limited for an amount of INR 7,00,00,000 to facilitate the acquisition of shares in another company within a similar vertical. The value of the encumbered shares is INR 13,01,69,472, resulting in a ratio of 1.85:1.
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