Diwakar Finvest Private Limited has submitted a mandatory disclosure concerning the release of shares pledged by promoter group entities. The filing, dated March 27, 2026, details the release of previously encumbered shares held by Diwakar Finvest Private Limited and Suraj Finvest Pvt Ltd. The releases were executed as per agreements with the lender, Standard Chartered Capital Limited, over two consecutive business days.
Mandatory Shareholding Disclosure Filed
Diwakar Finvest Private Limited has furnished the required disclosure to the stock exchanges and the target company, Emami Limited, in compliance with pertinent securities regulations governing substantial acquisitions and takeovers. The filing date for this report is March 27, 2026.
Details of Share Release Transactions
The disclosure specifically details the release of shares previously held under encumbrance (pledge/lien) by the promoter group entities. These actions were taken in accordance with the original agreement with the lender, Standard Chartered Capital Limited.
Diwakar Finvest Private Limited Releases
Diwakar Finvest Private Limited reported two separate releases:
- On March 24, 2026, 6,83,000 shares (0.16% of total share capital) were released. This resulted in a post-event holding of 2,73,40,014 shares (6.26% share capital).
- On March 25, 2026, an additional 45,000 shares (0.01% of total share capital) were released, bringing the post-event holding to 2,72,95,014 shares (6.25% share capital).
Suraj Finvest Pvt Ltd Releases
Suraj Finvest Pvt Ltd also executed two releases:
- On March 24, 2026, 6,83,000 shares (0.16% of total share capital) were released, resulting in a final holding of 1,20,73,992 shares (2.77% share capital).
- On March 25, 2026, another 45,000 shares (0.01% of total share capital) were released, with the final post-event holding recorded at 1,20,28,992 shares (2.76% share capital).
Promoter Group Holding Context
The total promoter holding in the target company, Emami Limited, as of the reporting date, is detailed across the accompanying annexures. For instance, Diwakar Finvest Private Limited held 9,87,94,786 shares (22.63%) prior to these releases, and the entities under the Agarwal/Goenka group represent a significant portion of the total public shareholding, as listed in Annexure ‘A’ and ‘B’ of the filing.
The disclosure confirms that Santinath Paul, Authorized Signatory for Diwakar Finvest Private Limited, submitted this information on behalf of the promoter and related persons acting in concert.
Source: BSE
