Ampvolts Promoter Revises Disclosure for 29.24 Lac Shares Pledge
Ampvolts Ltd's promoter, AV AC DC Renew Pvt Ltd, submitted a revised disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The revision clarifies a discrepancy in a previous filing regarding the creation of a pledge over 29,23,980 equity shares of Ampvolts Limited in favor of MUFIN Green Finance Limited on March 4, 2026. The initial discrepancy arose because details of existing encumbered shares prior to the event were inadvertently omitted, not due to an error in the reported post-event holding. The revised disclosure confirms that the pledge was created for a working capital loan availed by Ampvolts Limited. Post-event, the total encumbered shares held by the promoter amount to 34,64,521 shares, representing 13.47% of Ampvolts' total share capital and 20.58% of the promoter's total holding.
Key Highlights
- Promoter AV AC DC Renew Pvt Ltd submitted a revised share pledge disclosure.
- 29,23,980 Ampvolts equity shares were pledged on March 4, 2026.
- The pledge was in favor of MUFIN Green Finance Limited for a working capital loan.
- The revision corrected an omission of prior encumbered shares, not post-event holding.
- Post-event, 13.47% of Ampvolts' total share capital is encumbered.
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