VIP Clothing532613Revised disclosure

Promoter clarifies encumbrance disclosure; 6,00,000 shares released from pledge, 71,54,412 shares stay encumbered

Revised/clarified encumbrance disclosure for Scrip Code 532613, submitted after the Exchange flagged a discrepancy in the September 30, 2026 disclosure.

By ScoutQuest · Tue 13 Oct 2026, 2:10 PM IST · 2 min read

7.93%Sunil Jaykumar Pathare's encumbered holding as % of total share capital

Sunil Jaykumar Pathare's encumbered holding as % of total share capital: 7.93%.

Shares released from pledge: release of 6,00,000 equity shares held by Mrs. Lalita Jaykumar Pathare on 25.09.2026
Continuing promoter encumbrance: 71,54,412 equity shares (7.93% of total share capital) held by Mr. Sunil Jaykumar Pathare
Encumbered holding after event: her encumbered holding became NIL

What this disclosure is

The promoter, Mrs. Lalita Jaykumar Pathare, has written to BSE on October 12, 2026 to clarify the encumbrance disclosure made on September 30, 2026, after the Exchange pointed to a discrepancy in the pre-event, transaction and post-event figures. A corrected annexure is enclosed and the promoter has asked for the clarification to be taken on record.

What it clarifies

The pledge of 71,54,412 equity shares held by Mr. Sunil Jaykumar Pathare was created on August 30, 2022, and disclosed on September 1, 2022. His pre-encumbrance holding was NIL at the time of that transaction.
In the September 30, 2026 disclosure, this existing pledge was included only to show his continuing encumbered holding. It did not represent a fresh creation of pledge or a revision of the September 1, 2022 disclosure.
The existing pledge was inadvertently repeated in the event-related columns, creating an apparent inconsistency between the pre-event, transaction and post-event figures. The update states it regrets the ambiguity.

What actually happened

The event covered by this disclosure is the release of 6,00,000 equity shares held by Mrs. Lalita Jaykumar Pathare, following which her encumbered holding became NIL.
Subject to verification against depository records, Mr. Sunil Jaykumar Pathare's encumbered holding immediately before and after this event remained 71,54,412 equity shares, representing 7.93% of the company's total share capital.

Lender and trustee

Lender: State Bank of India
Trustee: SBICAP Trustee Company Limited, acting as trustee on behalf of the lender(s)
Reason shown for the encumbrance in the annexure: collateral for loans taken by the Company Group Companies
Name of the entity in whose favour the released shares were encumbered: JJ Fincap Private Limited
A footnote states the said pledge is for replacement of security for temporary basis.

Promoter holdings and encumbered shares

Lalita Jaykumar Pathare: total 73,38,652 shares (8.14% of capital); encumbered shares before the event 6,00,000 (0.67%); after the event NIL
Sunil Jaykumar Pathare: total 1,69,92,008 shares (18.85%); encumbered shares 71,54,412 (7.93%) both before and after the event
Kapil Jaykumar Pathare: total 1,50,65,548 shares (16.72%); no encumbered shares before or after
Kanishk Sunil Pathare: total 9,35,749 shares (1.04%); no encumbered shares
Heena Sunil Pathare: total 8,34,443 shares (0.93%); no encumbered shares
Ashwini Kapil Pathare: total 6,87,138 shares (0.76%); no encumbered shares
Maxwell Capital Management Pvt. Ltd.: total 1,02,000 shares (0.11%); no encumbered shares

How to read it

The disclosure corrects how the encumbrance position was presented rather than reporting a new pledge. After it, the scale of promoter shares under encumbrance is one block: 71,54,412 shares, or 7.93% of total share capital, held by Mr. Sunil Jaykumar Pathare, with State Bank of India as lender. Mrs. Lalita Jaykumar Pathare's 6,00,000 encumbered shares have been released, leaving her with no encumbered shares. The percentages shown are of the total share capital of the target company, and the before-event and after-event figures relate to encumbered shares.