Moschip Technologies: Promoter Pledges 70 Lakh Shares

Mayuka Holdings Pvt Ltd, a promoter of Moschip Technologies Ltd, has disclosed the creation of a pledge on 70,00,000 (Seventy Lakh) equity shares in favor of Infina Finance Pvt Ltd. This disclosure is made under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The pledged shares represent 3.58% of the total share capital. The amount involved against which these shares have been encumbered is ₹150.00 Crores, with a security cover of ₹112.00 Crores. This pledge is not for a new loan facility but is related to an existing loan.