Ricon Commodities Private Limited, a member of the promoter group of V2 Retail Limited, has reported the creation of a pledge on 33,50,000 equity shares. This encumbrance, which represents approximately 0.91% of the company’s total share capital, was finalized on March 30, 2026. The pledged shares are held in favor of Infina Finance (P) Ltd. as collateral for a loan facility obtained by the promoter group company.
Details of Share Encumbrance
The promoter group entity, Ricon Commodities Private Limited, has formally disclosed the pledge of 33,50,000 equity shares of V2 Retail Limited. This action was taken on March 30, 2026. The total number of shares pledged constitutes 0.91% of the target company’s total equity share capital.
Rationale and Counterparty
The creation of the pledge serves as collateral security for a loan facility availed by Ricon Commodities Private Limited. The transaction has been structured in favor of Infina Finance (P) Ltd., the entity holding the encumbrance. This disclosure aligns with transparency requirements regarding promoter shareholding and financial commitments.
Promoter Group Shareholding Context
Prior to this transaction, Ricon Commodities Private Limited held a total of 12,86,27,100 shares in V2 Retail Limited, representing 35.28% of the company. Other members of the promoter group, including Ram Chandra Agarwal, Akash Agarwal, and Vishal Waterworld Pvt Ltd, continue to maintain their respective stakes in the company, with the total promoter holdings remaining significant within the overall capital structure.
Source: BSE
