Malani Ventures Creates Pledge on 7,70,000 Equity Shares of B-Right Realestate Limited
Malani Ventures Private Limited has created a pledge on 7,70,000 equity shares of B-Right Realestate Limited on March 24, 2026, in favor of HDFC Bank Limited for working capital purposes. This transaction increases the company's encumbered shareholding from 1,630,000 shares (15.78%) to 2,400,000 shares (23.23%) while maintaining its total promoter holding at 2,527,200 shares (24.46%). The disclosure was made under Regulation 31 of SEBI regulations and reported to BSE Limited on March 25, 2026.
*this image is generated using AI for illustrative purposes only.
Malani Ventures Private Limited has announced the creation of pledge on 7,70,000 equity shares of B-Right Realestate Limited, as disclosed to BSE Limited on March 25, 2026. The disclosure was made in compliance with Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Pledge Creation Details
The pledge creation transaction was executed on March 24, 2026, involving shares pledged in favor of HDFC Bank Limited for working capital purposes. This corporate action represents a significant increase in the encumbered shareholding of the promoter group.
| Parameter: | Details |
|---|---|
| Creation Date: | March 24, 2026 |
| Number of Shares Pledged: | 7,70,000 |
| Type of Transaction: | Pledge Creation |
| Entity in Favor: | HDFC Bank Limited |
| Purpose: | Working Capital Purpose |
| Reporting Date: | March 25, 2026 |
Impact on Shareholding Pattern
The pledge creation has resulted in a notable change in Malani Ventures' encumbered shareholding structure in B-Right Realestate Limited. The company's total promoter holding remains unchanged, but the proportion of encumbered shares has increased substantially.
| Shareholding Details: | Before Creation | After Creation |
|---|---|---|
| Total Promoter Holding: | 2,527,200 shares (24.46%) | 2,527,200 shares (24.46%) |
| Encumbered Shares: | 1,630,000 shares (15.78%) | 2,400,000 shares (23.23%) |
| Newly Pledged Shares: | - | 7,70,000 shares (7.45%) |
Regulatory Compliance
The disclosure was signed by Paras Hansrajhbhai Desai, Director of Malani Ventures Private Limited (DIN: 07302022), and submitted to the listing department of BSE Limited. The company has also copied B-Right Realestate Limited's Company Secretary on this disclosure, ensuring all relevant stakeholders are informed of the pledge creation.
Company Information
Malani Ventures Private Limited (CIN: U64990MH2011PTC213254) operates from its registered office located at 702, 7th Floor, Shah Trade Centre, Rani Sati Marg, Mumbai, Malad East, Maharashtra. The company continues to maintain its position as a promoter group entity in B-Right Realestate Limited, which is listed on BSE Limited under scrip code 543543.
Historical Stock Returns for B Right Realestate
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
What specific working capital challenges is B-Right Realestate facing that necessitated this significant pledge increase from 15.78% to 23.23%?
How might this elevated encumbrance level of nearly a quarter of promoter holdings affect B-Right Realestate's ability to raise future equity capital?
Will HDFC Bank's lending terms require additional collateral if B-Right Realestate's share price declines below certain thresholds?
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