Moschip Technologies: Promoter Pledges 2.57 Cr Shares

Mayuka Holdings Pvt Ltd, a promoter of Moschip Technologies Ltd, has disclosed the encumbrance of 2,57,80,011 equity shares, representing 13.21% of the total share capital. The shares have been pledged in favor of Infina Finance Pvt Ltd. The purpose of this pledge is stated as being for the benefit of the listed company, specifically for working capital needs of the promoter company. The amount involved against which shares have been encumbered is ₹87.50 Crores, with the value of shares on the date of the event being ₹150.00 Crores.