Shareholding3 Jul 2026, 04:40 pm
Asgard Alcobev Promoter Ronak Jain Pledges 50 Lakh Shares
AI Summary
Asgard Alcobev Limited (formerly Banganga Paper Industries Limited) has filed a disclosure regarding the creation of a pledge on shares held by promoter Ronak Jain. Mr. Jain has pledged 50,00,000 equity shares, representing 1.60% of the total share capital, in favor of International Financial Services Ltd. This action is to provide collateral securities against a loan taken by Ronak Jain, promoter of CMJ Breweries Pvt Ltd, for MIDC repayment. The disclosure was made on July 3, 2026, as per SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Promoter Ronak Jain created a pledge on 50 lakh equity shares.
- The pledged shares represent 1.60% of Asgard Alcobev's total share capital.
- The pledge is in favor of International Financial Services Ltd.
- The purpose is to secure a loan for CMJ Breweries Pvt Ltd.
- Disclosure filed under SEBI (SAST) Regulations, 2011.
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