Monthly Update2 April 2026 at 07:12 am
Patspin India Ltd: GTN Textiles Ltd, Main Promoter, Discloses Encumbered Shares as of March 31, 2026
AI Summary
According to the disclosure submitted by GTN Textiles Ltd, the main promoter of Patspin India Ltd under Regulation 31(4) of SEBI (SAST) Regulations 2011, GTN Textiles Ltd held 46.21% equity shares of Patspin India Ltd as of March 31, 2026. Out of these, 23.57% or 72,86,405 shares were pledged in favor of Central Bank of India Consortium, which includes Central Bank of India, State Bank of India, and The Karur Vysya Bank Ltd, pursuant to an approved Resolution Plan (RP) of Patspin India Ltd.
Key Highlights
- GTN Textiles Ltd, the main promoter of Patspin India Ltd, holds 46.21% equity shares of Patspin India Ltd as of March 31, 2026.
- Out of these shares, 23.57% or 72,86,405 shares were pledged in favor of Central Bank of India Consortium on 17th July 2023.
- The pledge was made pursuant to an approved Resolution Plan (RP) of Patspin India Ltd as per Reserve Bank of India Circular dated 7th June 2019.