Diwakar Finvest Private Limited has filed a disclosure regarding the release of encumbered shares. The company reported the release of 31,763 shares, previously pledged as collateral. This action, executed on August 5, 2026, pertains to shares held by Diwakar Finvest Private Limited and Suraj Finvest Private Limited, impacting their respective holdings in Emami Limited.
Disclosure of Share Release
Diwakar Finvest Private Limited has submitted a disclosure in compliance with SEBI’s Substantial Acquisition of Shares and Takeovers Regulations, 2011. This filing details the release of encumbered shares, a transaction that occurred on August 5, 2026.
Details of Encumbrance Release
According to the report dated August 11, 2026, the following releases have been noted:
- Diwakar Finvest Private Limited: Released 5,000 shares. This action resulted in their post-event holding of encumbered shares being 26,791,014 shares, representing 6.14% of the total share capital.
- Suraj Finvest Private Limited: Released 5,000 shares. Following this release, their post-event holding of encumbered shares stands at 8,466,992 shares, which constitutes 1.94% of the total share capital.
These releases were made as per an agreement with the lender, Standard Chartered Capital Limited. The disclosure also reflects the promoter’s total shareholding as of the reporting date.
Source: BSE
