Revised Reg 31 update corrects post-event encumbered shares to 68,06,000 from 69,06,000

Promoter Santanu Agarwal has shared a revised Reg 31 disclosure.

Fri 9 Oct 2026

Corrected post-event encumbered shares

68,06,000 shares (earlier 69,06,000), or 0.75% of total share capital

Shares released from pledge

27,96,000 shares released on 04-09-2026 in favour of Bajaj Financial Securities Limited

Promoter holding (Santanu Agarwal)

4,32,96,000 shares (4.74%)

What the update is

Santanu Agarwal, a promoter of the company, has shared a revised disclosure under Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It is a revised version of the intimation earlier given for September 04, 2026.

The revision is being submitted because of an inadvertent calculation error in the post-event holding of encumbered shares. That figure was incorrectly mentioned as 69,06,000 shares and is now stated as 68,06,000 shares.

What the disclosure reports

• Promoter holding of Santanu Agarwal: 4,32,96,000 shares, being 4.74% of total share capital.
• Shares released from pledge on 04-09-2026: 27,96,000 shares, or 0.31% of total share capital.
• Post-event holding of encumbered shares: 68,06,000 shares, or 0.75% of total share capital.
• Encumbered shares as a percentage of promoter shareholding: 15.72%.

The event reported is a Release of Pledge, and the entity in whose favour the shares were encumbered is Bajaj Financial Securities Limited.

Reason given for the encumbrance

The disclosure states the pledge had been created solely for availing a margin trading facility and does not involve any transfer of ownership or control of shares.

Other promoters named in the same disclosure

The table also lists releases of pledge dated 04-09-2026 for other promoters and promoter group entities — Sunil Purushottanm Agarwal, Pro Fitcch Pvt. Ltd., Pri Caf Pvt. Ltd., Equilibrated Venture Cflow Pvt. Ltd. and Sulabhya Paramita Private Trust. Ms. Suneeti Agarwal and Suneeti Dolaa Private Trust appear with nil encumbrance.

How a reader can look at it

• A release of pledge means shares that were earlier marked as encumbered are no longer tied up under that arrangement.
• The revision changes how many shares are shown as encumbered after the event; the promoter's total holding is stated as 4,32,96,000 shares.
• This is a promoter-level encumbrance disclosure, and the correction concerns the encumbered-share figure, not the size of the promoter's holding.

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