Mangalam Industrial Finance Limited has disclosed another substantial share sale by promoter group entity DY Captive Projects LLP under SEBI regulations. The latest transaction involved the sale of 44,00,479 equity shares through on-market operations conducted on April 9-10, 2026.

Official Regulatory Disclosure

The company filed the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with BSE Limited on April 15, 2026. The filing was signed by Samoil Akilbhai Lokhandwala, Company Secretary and Compliance Officer of Mangalam Industrial Finance Limited.

Transaction Details

The share sale was executed in two separate tranches across consecutive trading sessions:

The largest transaction occurred on April 10, 2026, accounting for approximately 80% of the total shares sold during this period.

Shareholding Impact Analysis

The official disclosure reveals the detailed shareholding changes for DY Captive Projects LLP:

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

Corporate Structure and Compliance

Kameshwar Singh, serving as the Designated Partner of DY Captive Projects LLP with DPIN 08575577, signed the regulatory disclosure documents on April 13, 2026. The LLP is registered with LLPIN AAO-5357 and operates from Pune, Maharashtra.

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 shares are listed on BSE Limited under scrip code 537800, with its registered office located at Old Nimta Road, Nandan Nagar, Belghoria Kolkata, West Bengal, and corporate office in Vadodara, Gujarat.

Mangalam Industrial Finance has received comprehensive regulatory disclosures from Ward Wizard Solutions India Private Limited regarding the creation of a pledge on 1,50,00,000 equity shares. The pledge was created in favor of Blacksoil Capital Private Limited on April 7, 2026, as per the regulatory filing submitted on April 9, 2026, under SEBI takeover regulations.

Pledge Creation Details

The pledged shares represent 1.05% of the total share capital of Mangalam Industrial Finance Limited. Ward Wizard Solutions India Private Limited, acting as a promoter entity along with Person Acting in Concert (PAC) Yatin Sanjay Gupte, disclosed this transaction under Regulation 31(1) and Regulation 31(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Agreement and Security Details

The pledge creation stems from an agreement dated March 27, 2026, executed between the parties as collateral for financial assistance availed to a group company. Under the terms and conditions of this Pledge Agreement, the financial assistance obtained by the borrower is secured by the pledge of 1,50,00,000 equity shares held by Ward Wizard Solutions in Mangalam Industrial Finance Limited.

Regulatory Filing and Compliance

The disclosure was filed through proper regulatory channels, with Mangalam Industrial Finance Limited's Company Secretary Samoil Akilbhai Lokhandwala submitting the documentation to BSE Limited on April 10, 2026. The filing includes comprehensive details under Annexure-1 format as required by SEBI regulations for encumbrance disclosures.

Current Shareholding Structure

Following the pledge creation, the combined shareholding pattern shows Ward Wizard Solutions India Private Limited maintaining its voting rights while increasing its encumbered shares. The disclosure reveals the complete promoter shareholding structure in Mangalam Industrial Finance Limited with significant holdings by multiple promoter entities.

Company Information

Mangalam Industrial Finance Limited operates with shares listed on BSE Limited under scrip code 537800. Ward Wizard Solutions India Private Limited operates under CIN: U74900GJ2016PTC086439 with its registered office at Shed No.C-222, GIDC Makarpura, Industrial Estate, Vadodara, Gujarat. The pledge creation represents a standard corporate financing arrangement with proper regulatory compliance and disclosure requirements fulfilled.