
Pledge28 March 2026 at 07:31 am
Standard Engineering Technology Ltd Promoter Katragadda Venkata Ramani Creates Pledge on 5,50,000 Shares
AI Summary
Standard Engineering Technology Ltd, formerly known as Standard Glass Lining Technology Limited, has received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure pertains to the creation of a pledge on 5,50,000 equity shares of the company by promoter Katragadda Venkata Ramani. The pledge was created on March 27, 2026, and the shares are encumbered in favor of SMFG India Credit Co., Ltd. The purpose of the pledge is to cover a margin shortfall. The total promoter shareholding in the company is 15,00,000 shares, making the encumbered shares 0.47% of the total share capital.
Key Highlights
- Standard Engineering Technology Ltd promoter Katragadda Venkata Ramani creates pledge on 5,50,000 shares
- Pledge created on March 27, 2026
- Shares encumbered in favor of SMFG India Credit Co., Ltd
- Purpose of pledge is to cover a margin shortfall
- Total promoter shareholding in the company is 15,00,000 shares