Mangalam Industrial Finance Limited has disclosed a substantial share sale by promoter group entity DY Captive Projects LLP under SEBI regulations. The transaction involved the sale of 17,09,150 equity shares through on-market operations conducted between April 1-6, 2026.

Transaction Details

The share sale was executed in three separate tranches across different trading sessions:

The largest single transaction occurred on April 1, 2026, accounting for approximately 65% of the total shares sold during this period.

Shareholding Impact

The sale has resulted in a reduction of DY Captive Projects LLP's stake in Mangalam Industrial Finance Limited:

DY Captive Projects LLP continues to maintain its status as a promoter group entity despite the reduction in shareholding percentage.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. DY Captive Projects LLP informed the company about the transactions on April 7, 2026, one day after the final sale transaction.

Kameshwar Singh, serving as the Designated Partner of DY Captive Projects LLP with DPIN 08575577, signed the regulatory disclosure documents. The company's shares are listed on BSE Limited under scrip code 537800.

Company Structure

Mangalam Industrial Finance Limited maintains an equity share capital of Rs. 1,42,51,29,928 divided into 1,42,51,29,928 equity shares of Re. 1 each. The company's registered office is located in Kolkata, West Bengal, while its corporate office operates from Vadodara, Gujarat.

The disclosure documentation was signed by Samoil Akilbhai Lokhandwala, Company Secretary and Compliance Officer of Mangalam Industrial Finance Limited, confirming the receipt and processing of the regulatory filing.

Mangalam Industrial Finance Limited has received a formal regulatory disclosure from its promoter regarding the creation of a share pledge under SEBI Takeover Regulations. The latest development involves promoter Yatin Sanjay Gupte pledging equity shares as collateral for a credit facility, with the official disclosure submitted on April 7, 2026.

Share Pledge Transaction Details

Promoter Yatin Sanjay Gupte has created a pledge of 6,74,56,105 equity shares to Blacksoil Capital Private Limited, representing 4.73% of the company's total share capital. The pledge was formally created on March 30, 2026, with the regulatory disclosure submitted under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Promoter Holdings Structure

Following the pledge creation, Gupte's total shareholding stands at 85,272,898 shares, representing 5.98% of the company's total share capital. The pledged shares serve as collateral security for a credit facility obtained by the target company from M/S Radhamani Limited. After this transaction, Gupte's total encumbered shares amount to 6,74,56,105 shares, representing 4.73% of the total share capital.

Official Regulatory Documentation

The disclosure was formally submitted through official documentation signed by Company Secretary Samoil Akilbhai Lokhandwala on April 7, 2026. The comprehensive regulatory filing includes detailed shareholding patterns and compliance with SEBI takeover regulations. According to the official note, the target company secured the credit facility from M/S Radhamani Limited, and the promoter pledged shares as collateral for such credit facility.

Company Share Capital Structure

According to the regulatory disclosure, Mangalam Industrial Finance Limited maintains its equity share capital structure with shares listed on BSE Limited. The company's total equity share capital stands at ₹142.51 crore divided into 1,42,51,29,928 equity shares of Re. 1 each. The promoter group includes Yatin Sanjay Gupte and his Person Acting in Concert (PAC), Wardwizard Solutions India Private Limited.