Ronak Jain pledges 50 lakh shares in Asgard Alcobev

1 min read Updated on 03 Jul 2026, 05:20 PM

Reviewed by

Jubin VScanX News Team

AI Summary

Promoter Ronak Jain pledged 50,00,000 equity shares of Asgard Alcobev Limited on July 1, 2026, in favor of International Financial Services Ltd, increasing his total encumbered holdings to 8.02% of the total share capital. The disclosure was submitted to BSE Limited on July 3, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Jain holds a total of 11,89,73,483 shares, representing 38.19% of the paid-up share capital.

*this image is generated using AI for illustrative purposes only.

Promoter Ronak Jain has pledged 50,00,000 equity shares of Asgard Alcobev Limited , increasing his total encumbered holdings to 8.02% of the total share capital. The shares were pledged on July 1, 2026, in favor of International Financial Services Ltd. This transaction raises the total number of encumbered shares held by Jain to 2,50,00,000.

The disclosure was submitted to BSE Limited on July 3, 2026, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this transaction, Jain had 2,00,00,000 shares encumbered, representing 6.42% of the total share capital. The latest pledge of 50,00,000 shares adds 1.60% to the encumbered portion.

Shareholding Details

The filing outlines Jain's current and post-transaction shareholding details. Jain holds a total of 11,89,73,483 shares, which constitutes 38.19% of the company's paid-up share capital. The creation of the pledge is a specific encumbrance event that impacts the liquidity status of these shares but does not alter his total ownership percentage.

Promoter	Total Shares Held	% of Total Share Capital	Pre-Event Encumbered Shares	% of Share Capital Encumbered (Pre-Event)	New Pledge	% of Share Capital Pledged	Post-Event Encumbered Shares	% of Total Share Capital (Post-Event)
Ronak Jain	11,89,73,483	38.19	2,00,00,000	6.42	50,00,000	1.60	2,50,00,000	8.02

The disclosure confirms that other promoters, including Sarita Jain, Priyanka Jain, and K K Impex & Trading Private Limited, have no encumbrances on their respective holdings. The company, formerly known as Banganga Paper Industries Limited, facilitated the disclosure to the exchange through its director, Binit Singhania.

Historical Stock Returns for Asgard Alcobev

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.12%	-5.55%	-10.41%	-35.42%	-62.16%	+281.95%

What is the purpose of the funds raised through this pledge?

How might this increased encumbrance impact shareholder confidence?

Is there a risk of further pledges by Ronak Jain in the near future?

Read Next Article

Asgard Alcobev appoints Sarimul Haque Talukdar as Company Secretary

1 min read Updated on 27 Jun 2026, 04:43 PM

Reviewed by

Suketu GScanX News Team

Add as a preferred
source on Google

AI Summary

Asgard Alcobev Ltd appointed Mr. Sarimul Haque Talukdar as Company Secretary and Compliance Officer effective June 27, 2026, following Board approval based on the Nomination and Remuneration Committee's recommendation.

*this image is generated using AI for illustrative purposes only.

Asgard Alcobev Ltd has strengthened its compliance framework by appointing Mr. Sarimul Haque Talukdar as Company Secretary and Compliance Officer. The appointment, effective June 27, 2026, designates Talukdar as Key Managerial Personnel responsible for regulatory adherence and corporate governance.

The Board of Directors approved the appointment during a meeting held on June 27, 2026. The decision was based on the recommendation of the Nomination and Remuneration Committee. The meeting commenced at 4:00 P.M. IST and concluded at 04:10 P.M. IST.

Mr. Sarimul Haque Talukdar is a member of the Institute of Company Secretaries of India (ICSI). The company confirmed that he possesses the requisite professional qualifications, experience, and expertise to discharge the functions of the role.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also references SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The following table outlines the key details of the appointment:

Sr. No.	Details of events	Information
1	Reason for change	Appointment
2	Date of appointment	w.e.f. 27 June, 2026
3	Brief profile	Member of ICSI; possesses requisite qualifications, experience, and expertise
4	Disclosure of relationships	NIL
5	No. of Listed entities holding Directorship	NIL