Rudra Gas Enterprise Limited has disclosed the creation of an encumbrance on equity shares held by its promoters under SEBI Takeover Regulations. The disclosure, submitted to BSE Limited on March 20, 2026, reveals significant pledging activity by the company's key promoters for financing purposes.

Promoter Share Pledging Details

Kush Sureshbhai Patel and Kashyap Sureshbhai Patel, promoters of Rudra Gas Enterprise Limited, have pledged a total of 20,33,898 equity shares to Shree Kamdhenu Financial Services Private Limited. The encumbrance was created on March 19, 2026, through a pledge arrangement.

Financial Structure and Security Cover

The pledging arrangement involves a loan amount of ₹7.00 crore against pledged shares valued at ₹13.01 crore, providing a security cover ratio of 1.85:1. The total encumbered shares represent 24.40% of the company's total share capital of 83,38,000 shares.

Regulatory Compliance and Documentation

The disclosure has been made in compliance with Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The formal communication was digitally signed by Kush Sureshbhai Patel and submitted to BSE Limited on March 20, 2026.

Promoter Shareholding Structure

The total promoter shareholding in Rudra Gas Enterprise Limited comprises 60,91,800 shares held by five promoters including Kush Sureshbhai Patel, Kashyap Sureshbhai Patel, Manjulaben Sureshbhai Patel, Avani Kush Patel, and Priyanka Kashyap Patel. This represents 73.06% of the company's total share capital.

The encumbered shares constitute 33.40% of the total promoter shareholding. While the encumbered shares represent more than 20% of the total share capital, they remain below 50% of the promoter shareholding.

Purpose and Strategic Utilization

According to the regulatory filing, the borrowed amount will be utilized for the benefit of the listed company, specifically for the acquisition of shares in another company operating in a similar vertical. This strategic move indicates the company's expansion plans within its business domain and demonstrates the promoters' commitment to growth through strategic investments.

Rudra Gas Enterprise Limited has announced its intention to acquire shareholding in an unlisted public company, as disclosed in a regulatory filing to BSE Limited on March 03, 2026.

Transaction Status

The company has resolved to proceed with the acquisition of shareholding in the unlisted public company. However, the transaction remains in its preliminary stages, with the Memorandum of Understanding currently in the pre-operative phase.

Regulatory Compliance

The company has indicated that the MOU will be finalized with precise terms and conditions for the acquisition. Rudra Gas Enterprise Limited has committed to providing comprehensive disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 once the MOU is executed.

Next Steps

The company will proceed to finalize the terms and conditions of the acquisition through the formal execution of the Memorandum of Understanding. Stakeholders can expect detailed disclosure regarding the transaction specifics upon completion of the MOU process.

The announcement was signed by Kush Surendrabhai Patel, Managing Director of Rudra Gas Enterprise Limited, demonstrating board-level commitment to the proposed acquisition strategy.