Promoters Create Pledge on 3,99,58,361 Shares and Non-Disposal Undertaking on 3,57,68,504 Shares in Favour of Sicpa India
Promoter group Akhill Marketing pledged 3,99,58,361 shares (24.50%) and promoters gave Non-Disposal Undertakings on 3,57,68,504 shares, in favour of Sicpa India Pvt Ltd. Total encumbrance 7,57,26,868 shares (46.43% of capital).
- Pledged Shares
- 3,99,58,361 shares (24.50% of capital)
- Non-Disposal Undertaking Shares
- 3,57,68,504 shares
- Total Encumbrance
- 7,57,26,868 shares (46.43% of capital)
- Inter-Corporate Deposit Amount
- Rs. 15,00,00,000
- Deposit Tenure
- 6 months
What was disclosed
Promoters and persons acting in concert of SVC Industries informed BSE that on 24 September, 2026 they created an encumbrance on shares in favour of Sicpa India Private Limited.
- Akhill Marketing Pvt Ltd pledged 3,99,58,361 equity shares, being 24.50% of total share capital.
- Non-Disposal Undertakings were given over 3,57,68,504 equity shares in total.
Break-up of the Non-Disposal Undertakings
- Akhill Marketing Pvt Ltd: 66,10,183 shares (4.05%)
- Suresh Vithal Das Chaturvedi: 41,20,000 shares (2.53%)
- Suresh Chaturvedi Sons (HUF): 10,00,000 shares (0.61%)
- Alka Suresh Chaturvedi: 78,62,721 shares (4.82%)
- Advait Suresh Chaturvedi: 75,79,800 shares (4.65%)
- Ambuj Suresh Chaturvedi: 85,95,800 shares (5.27%)
A Non-Disposal Undertaking is not a pledge. The holder agrees not to sell or transfer the shares for the agreed period, so the shares are restricted rather than pledged.
Scale versus promoter holding
Total promoter and promoter group holding is 7,78,14,865 shares, or 47.71% of the company. The total encumbered quantity is 7,57,26,868 shares, or 46.43% of total share capital. The update confirms the encumbrance is 50% or more of promoter shareholding and 20% or more of total share capital.
Why the encumbrance was created
Overseas Infrastructure Alliance (India) Private Limited, as borrower, has taken an inter-corporate deposit facility of Rs. 15,00,00,000/- for its principal business activities, repayable over a period of 6 months. Value of the shares on the date of the agreement is stated as 18,47,73,551, giving a ratio of A/B of 1.23:1.
Sicpa India Private Limited is a private limited company in the business of security ink manufacturing and trading, and is not a bank or financial institution.
How investors may read it
A large share of the promoter block is now tied to a borrowing by another entity. Investors commonly watch such disclosures because encumbered shares carry the risk of invocation if the underlying obligation is not met, and because the borrowing here is for the borrower's business activity rather than the listed company.
Also from SVC INDUSTRIES
Proceedings of 35th AGM: six resolutions passed, object clause altered
30 Sep 2026
Promoter shares pledged and placed under non-disposal undertaking in favour of SICPA India — 46.43% encumbered
28 Sep 2026
More numbers
- Shares pledged by Akhill Marketing3,99,58,361
- Pledged shares as % of total capital24.50
- Shares under Non-Disposal Undertaking3,57,68,504
- Total encumbered shares(7,57,26,868)
- Total encumbered as % of share capital(46.43%)
- Total promoter group shareholding7,78,14,865
- Promoter group holding %(47.71%)
- Value of shares on date of event (A)18,47,73,551
- Amount involved / ICD facility (B)Rs. 15,00,00,000/-
- Repayment period of ICD6 months
- NDU by Ambuj Suresh Chaturvedi85,95,800
- NDU by Alka Suresh Chaturvedi78,62,721
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