Pashupati Cotspin confirms no encumbrance of promoter shares in FY26

2 min read     Updated on 13 Jun 2026, 12:25 AM
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Pashupati Cotspin Limited disclosed that its promoters and promoter group members did not create any encumbrance on their shares during the financial year ended March 31, 2026. The declaration, submitted by Promoter Saurin Jagdish Bhai Parikh, was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has been requested to place this disclosure before its ensuing Audit Committee meeting.

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Pashupati Cotspin Limited has confirmed that its promoters and persons acting in concert (PAC) did not pledge or encumber any shares during the financial year ended March 31, 2026. The disclosure, submitted to BSE Limited and National Stock Exchange of India Limited, assures stakeholders that no new charges were created on the promoter group's holdings beyond those previously disclosed.

The declaration was made by Saurin Jagdish Bhai Parikh on behalf of the promoters, promoter group, and PAC in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing stated that members have not made any encumbrance, directly or indirectly, during FY26. Additionally, the promoters requested the company to place this disclosure before the ensuing Audit Committee meeting in accordance with Regulation 31(5) of the SEBI SAST Regulations.

The filing included an annexure detailing the shareholding of the promoter and promoter group as of March 31, 2026. The data outlines the individual share counts and percentage holdings of key entities.

Promoter and Promoter Group Holdings

The following table summarizes the shareholding of the promoter and promoter group as of March 31, 2026:

Sr. No. Name Category No. of Shares % of Total Share Capital
1 Parikh Saurin Jagdishbhai Promoter 2333000 14.78
2 Dakshesh Jayantilal Patel Promoter 525000 3.33
3 Trivedi Tushar R Promoter 339000 2.15
4 Patel Minaben Daksheshbhai Promoter 266000 1.69
5 Nirali Rajendra Desai Promoter Group 25600 0.16
6 Ashish Rameshchandra Trivedi Promoter Group 904000 5.73
7 Hariprabha Aravindbhai Parikh Promoter Group 1583000 10.03
8 Parikh Falguni Mitesh Promoter Group 1733000 10.98
9 Renukaben Jagdish Chandra Parikh Promoter Group 1583000 10.03
10 Bhaveshkumar Jayantilal Patel Promoter Group 791000 5.01
11 Pashupati Texspin Export LLP Promoter Group 333600 2.11

The list also includes numerous other members of the promoter group, such as Jagdishbhai Aravindbhai Parikh, Hetal Saurinbhai Parikh, and various entities like Pashupati Healthcare Foundation and Uniza Lifecare Private Limited, all of whom reported NIL shareholding as of the specified date.

Historical Stock Returns for Pashupati Cotspin

1 Day5 Days1 Month6 Months1 Year5 Years
-0.25%-0.46%-5.13%+7.36%+31.52%+1,014.74%

Will the absence of new share encumbrances encourage the company to pursue aggressive expansion or debt-funded acquisitions in FY27?

How might this clean pledge status impact investor confidence and the stock's liquidity in the upcoming trading sessions?

Are there any strategic plans by the promoter group to increase their stake further given the current unencumbered holding status?

Craft Emerging Market Fund acquires 6.42% stake in Pashupati Cotspin

1 min read     Updated on 06 Jun 2026, 12:34 PM
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AI Summary

Craft Emerging Market Fund PCC acquired a 6.42% stake in Pashupati Cotspin Limited via open market purchases in February 2025. The transaction involved 10,132,543 shares, increasing the acquirer's holding from NIL to 6.42% of the total paid-up capital. The acquirer clarified it is not part of the promoter group.

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Craft Emerging Market Fund PCC has acquired a 6.42% stake in Pashupati Cotspin Limited through open market transactions in February 2025. The acquisition was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The acquisition was executed by two entities acting in concert: Craft Emerging Market Fund PCC - Citadel Capital Fund and Craft Emerging Market Fund PCC - Elite Capital Fund. The entities purchased a total of 10,132,543 shares carrying voting rights. Prior to this transaction, the acquirer held no shares in the target company.

Acquisition Details

The disclosure details the shift in shareholding following the open market purchase. The table below outlines the holdings before and after the acquisition.

Holding Details Number of Shares % of Total Share Capital % of Diluted Share Capital
Before Acquisition NIL NIL NIL
After Acquisition 10,132,543 6.42 6.42

The total equity share capital and total voting capital of Pashupati Cotspin Limited stood at 157,840,000 both before and after the acquisition. The total diluted share/voting capital remained unchanged at 157,840,000.

Acquirer Classification

The acquirer has confirmed that it does not belong to the promoter or promoter group of Pashupati Cotspin Limited. The shares of the target company are listed on the BSE. The disclosure was signed and submitted from Mauritius on June 05, 2026.

Historical Stock Returns for Pashupati Cotspin

1 Day5 Days1 Month6 Months1 Year5 Years
-0.25%-0.46%-5.13%+7.36%+31.52%+1,014.74%

Does Craft Emerging Market Fund intend to increase its stake beyond the current 6.42% in the near future?

Will the fund seek board representation or influence management decisions at Pashupati Cotspin Limited?

How might this acquisition impact Pashupati Cotspin's stock price and trading volume in the coming sessions?

More News on Pashupati Cotspin

1 Year Returns:+31.52%