Emami Limited has issued a revised disclosure regarding the pledge of shares by its promoter entities. The correction addresses a typographical error found in a previous filing submitted by Diwakar Finvest Pvt. Ltd. regarding the date of the share pledge. The company clarified that the pledge date for shares held by Suraj Finvest Pvt. Ltd. was March 12, 2026, instead of the February 12, 2026, date that was previously and erroneously reported.
Clarification on Share Pledge Details
Following a recent review of regulatory filings, it was identified that an inaccurate date had been recorded in the disclosure documentation dated March 13, 2026. Diwakar Finvest Private Limited, representing promoter group entities, has formally corrected the record to ensure transparency for shareholders and stakeholders regarding the encumbrance of shares.
Updated Reporting of Encumbrance Events
The revised filing provides the accurate chronology for the creation of pledges in favor of Bajaj Finance Limited. Specifically, for Suraj Finvest Pvt. Ltd., the pledge event that occurred on March 12, 2026, involving 10,00,000 shares, has been rectified. The update ensures that the company’s records correctly reflect the timing of all promoter share pledges, maintaining compliance with reporting standards for encumbered assets.
Overview of Pledge Activity
The disclosures also consolidate the details regarding other pledges created during the period. The records now confirm multiple transactions by Diwakar Finvest Private Limited and Suraj Finvest Pvt. Ltd., involving the creation of pledges for 4,50,000, 22,00,000, 1,00,000, and 10,00,000 shares respectively, all executed in favor of Bajaj Finance Limited between March 10, 2026, and March 12, 2026.
Source: BSE
