Challani Capital Limited has submitted a regulatory disclosure to the Bombay Stock Exchange and its Audit Committee regarding share encumbrances by promoters. The disclosure is made pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for the financial year ended March 31, 2026.
Saravana Global Holdings Limited (formerly Saravana Foundations Limited), acting on behalf of all promoters and promoter group of Challani Capital Limited, confirmed that their pledged 60,01,300 equity shares of ₹10 each in Challani Capital Limited to another promoter, Mrs. Shobha Padam Challani, continues to subsist. The shares represent a significant portion of promoter holdings.
The disclosure specifically states that no other encumbrances were created directly or indirectly during the financial year ended March 31, 2025 on the shares held by the promoters in Challani Capital Limited. The declaration was signed by an authorized signatory of Saravana Global Holdings Limited and submitted by Pawan Kochar, Director of Challani Capital Limited (DIN: 02262562).
The document serves as a compliance filing under SEBI regulations and confirms the ongoing nature of the existing share pledge arrangement between promoters without any additional encumbrances during the reporting period.