SVC Industries: Promoters disclose non-disposal undertaking & pledged shares

SVC Industries Ltd has received and submitted a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure details 3,99,58,361 equity shares pledged by promoter Akhill Marketing Pvt Ltd. Additionally, promoters and Persons Acting in Concert (PAC) have provided a non-disposal undertaking for 3,57,68,504 equity shares in favor of SICPA India Private Limited. This undertaking restricts the promoters from disposing of or encumbering these shares, but it does not involve a pledge or transfer, and the shares remain in their demat accounts with voting rights and dividend entitlements intact. SICPA India Private Limited is the beneficiary of this undertaking, which is disclosed as an acquisition under Regulation 29(4).