Asgard Alcobev: Ronak Jain Files Revised Pledge Disclosure

Asgard Alcobev Limited (formerly Banganga Paper Industries Limited) has filed a revised disclosure under SEBI's Takeover Regulations concerning the pledge of 2 crore equity shares by Ronak Jain and PACs in favor of Kotak Mahindra Bank Limited. The revision corrects a previous typographical error where the pledged shares were mistakenly categorized as 'Sale' instead of 'Encumbrance'. The total number of shares pledged remains 2 crore, with the corrected classification now reflecting 'Encumbrance'. This filing clarifies the nature of the transaction involving these shares.