SVC INDUSTRIES524488Promoter pledge update
Promoters reply to BSE on encumbrance disclosure discrepancies; 46.43% of share capital encumbered
SVC Industries has replied to BSE on discrepancies in its 28/09/2026 promoter encumbrance disclosure.
By ScoutQuest · · 2 min read
7,57,26,868Total shares encumbered
Equity shares pledged by promoters3,99,58,361
Equity shares under Non-Disposal Undertaking3,57,68,504
- Total encumbered shares
- 7,57,26,868 shares, 46.43% of total share capital
- Pledge / Non-Disposal Undertaking split
- ~4 crore shares pledged and ~3.58 crore shares under Non-Disposal Undertaking to Sicpa India Private Limited
- Promoter holding
- 47.71% of the company
What the company told the exchange
- BSE had pointed out four discrepancies in the encumbrance disclosure SVC Industries shared on 28/09/2026 under Regulation 31(1) read with Regulation 31(3) of the SEBI (SAST) Regulations, 2011.
- In its reply dated 21/10/2026, the company says the reporting date and the reason for encumbrance were already given in Annexure 1, that the disclosure was prepared as per the prescribed format, and that Akhill Marketing Pvt Ltd's post-event encumbered holding was shown on a consolidated basis by adding the pledged shares and the shares under the Non-Disposal Undertaking together.
What was disclosed
- Promoters and persons acting in concert pledged ~4 crore equity shares and gave a Non-Disposal Undertaking for ~3.58 crore equity shares in favour of Sicpa India Private Limited on 24/09/2026.
- Put together, that is 7,57,26,868 shares, or 46.43% of the total share capital.
- Promoter and promoter group holding is 47.71% of the company.
- The disclosure answers yes to both questions: whether encumbered shares are 50% or more of promoter shareholding, and whether they are 20% or more of total share capital.
Why the shares are encumbered
- The stated reason is an Inter Corporate Deposit of Rs. 15 crore taken by Overseas Infrastructure Alliance (India) Private Limited for working capital, to be repaid over a period of 6 months.
- The value of the shares on the date of the event is stated as 18,47,73,551 against that amount.
Pledge versus Non-Disposal Undertaking
- A pledge gives the lender a right over the shares if the borrower defaults.
- A Non-Disposal Undertaking is a promise not to sell or transfer the shares; the shares are restricted, not necessarily pledged.
- Both are forms of encumbrance, which is why the update counts them together.
What a reader can take away
- Nearly the whole promoter stake is under encumbrance, so the promoter group's freedom to sell or otherwise use these shares is restricted for as long as the arrangement stands.
- The update is the company's clarification to the exchange on an earlier disclosure, not a fresh transaction.
47.71%Promoter and promoter group holding as % of company
Also from SVC INDUSTRIES
Proceedings of 35th AGM: six resolutions passed, object clause altered
30 Sep 2026
Promoters Create Pledge on 3,99,58,361 Shares and Non-Disposal Undertaking on 3,57,68,504 Shares in Favour of Sicpa India
28 Sep 2026
Promoter shares pledged and placed under non-disposal undertaking in favour of SICPA India — 46.43% encumbered
28 Sep 2026
More numbers
- Equity shares pledged by promoters3,99,58,361
- Equity shares under Non-Disposal Undertaking3,57,68,504
- Total shares encumbered7,57,26,868
- Encumbered shares as % of total share capital46.43%
- Promoter and promoter group holding as % of company47.71%
- Amount involved against which shares are encumbered15,00,00,000
- Value of shares on date of event18,47,73,551
- Repayment period of the Inter Corporate Deposit6 months
Source: BSE · 22 Oct 2026
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