Pashupati cotspin Limited's promoter group member Hariprabha Aravindbhai Parikh has pledged 2,00,000 equity shares of the company to Armour Capital Private Limited on March 18, 2026. The pledge represents 1.27% of the company's total share capital and was created for loan repayment purposes.

Pledge Details and Regulatory Compliance

The disclosure was made under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Ms. Parikh filed the necessary documentation with both BSE Limited and National Stock Exchange of India Limited on March 25, 2026, maintaining compliance with regulatory requirements for encumbrance of shares by promoter group members.

Promoter Holdings and Share Structure

Ms. Hariprabha Aravindbhai Parikh holds a total of 15,83,000 shares in Pashupati Cotspin Limited, representing 10.03% of the company's total share capital. Prior to this transaction, she had no encumbered shares in the company. The current pledge brings her total encumbered shareholding to 2,00,000 shares or 1.27% of the total share capital.

Corporate Governance and Transparency

The company maintains transparency in its corporate governance practices by promptly disclosing material changes in promoter shareholding patterns. Pashupati Cotspin Limited's shares are listed on both National Stock Exchange of India Limited and BSE Limited, ensuring broad market access and regulatory oversight.

Ms. Parikh, based in Kadi, Gujarat, serves as an authorized signatory for the disclosure and maintains her registered address at A-47 Rajeshwari Society Thol Road Kadi, Mahesana district. The disclosure documentation was also copied to the Company Secretary of Pashupati Cotspin Limited at the company's registered office in Balasar, Kadi.

Pashupati Cotspin Limited has dispatched its postal ballot notice dated February 26, 2026, to shareholders for approval of equity share sub-division and related amendments. The company's 8th Board Meeting of FY 2025-26, held on February 26, 2026, had earlier approved the 1:10 share split ratio, correcting an inadvertent error in initial communication that mentioned a 1:1 ratio.

Postal Ballot Details and Timeline

The postal ballot notice has been sent electronically to shareholders whose email addresses are registered with the company or depositories. The voting process is restricted to remote e-voting only, with NSDL providing the e-voting platform services.

Share Split Proposal Details

The postal ballot seeks shareholder approval for sub-division of equity shares where 1 existing share of Rs. 10.00 face value will be split into 10 shares of Re. 1.00 face value each. The proposal also includes alteration of the Capital Clause of the Memorandum of Association.

Capital Structure Impact

Strategic Rationale and Compliance

The company aims to make equity shares more affordable, enhance market liquidity, and broaden shareholder participation through this corporate action. The share split follows the company's successful migration from NSE Emerge to the main boards of NSE and BSE on July 17, 2025.

Shareholder Voting Process

Shareholders whose names appear in the register of members as on the cut-off date are eligible to vote. The postal ballot notice is available on the company's website at www.pashupaticotspin.com and NSDL's e-voting portal at www.evoting.nsdl.com . Members holding shares in demat form can vote through their depository participant accounts, while those with unregistered email addresses can contact cs@pashupaticotspin.com for registration.

The company expects to complete the share sub-division process within 2 to 2.5 months from receipt of all regulatory approvals and member approval through the postal ballot process.