SD Retail Promoters Disclose Zero Share Encumbrance for FY26 Under SEBI SAST Regulations
SD Retail Limited's promoters, promoter group, and PAC have filed a formal disclosure with NSE confirming zero encumbrance on their collective holding of 12223386 shares (65.29%) during the financial year ended March 31, 2026, in compliance with Regulation 31(4) of SEBI's SAST Regulations, 2011. The disclosure was digitally signed by Promoter & Chairman-Managing Director Hitesh Pravinchandra Ruparelia and Promoter & Managing Director Utpalbhai P Ruparelia on April 3, 2026.

*this image is generated using AI for illustrative purposes only.
The promoters, promoter group, and persons acting in concert (PAC) of SD Retail Limited have submitted a formal disclosure to the National Stock Exchange of India Limited, declaring that no encumbrance was created on their shares — directly or indirectly — during the financial year ended March 31, 2026. The disclosure, dated April 3, 2026, was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Promoter Shareholding Overview
As on March 31, 2026, the promoter and promoter group collectively hold 12223386 shares, accounting for 65.29% of the total shareholding of SD Retail Limited. The disclosure was signed by Hitesh Pravinchandra Ruparelia, Promoter & Chairman-Managing Director, and Utpalbhai P Ruparelia, Promoter & Managing Director, on behalf of the entire promoter group.
Detailed Shareholding Breakdown
The following table presents the complete shareholding of the promoter and promoter group as on March 31, 2026, as disclosed in Annexure-1 of the filing:
| Shareholder Name: | Category | Shares Held | % Shareholding |
|---|---|---|---|
| HITESH PRAVINCHANDRA RUPARELIA | Promoter | 4751120 | 25.38% |
| UTPALBHAI P RUPARELIA | Promoter | 3167560 | 16.92% |
| GRACE GARMENTS LLP | Promoter | 2127124 | 11.36% |
| SWEET DREAMS LOUNGEWEAR (INDIA) LLP | Promoter | 1430000 | 7.64% |
| SHALIGRAM APPARELS LLP | Promoter Group | 557700 | 2.98% |
| SD FASHIONS LLP | Promoter Group | 188562 | 1.01% |
| UTPALBHAI PRAVINCHANDRA RUPARELIA HUF | Promoter Group | 220 | 0.00% |
| RUPARELIA HITESHBHAI PRAVINCHANDRA | Promoter Group | 220 | 0.00% |
| RUPARELIA MEENABEN P | Promoter Group | 220 | 0.00% |
| KASHMIRABEN U RUPARELIA | Promoter Group | 220 | 0.00% |
| HINA HITESHBHAI RUPARELIA | Promoter Group | 220 | 0.00% |
| RUPARELIA PRAVINCHANDRA H | Promoter Group | 220 | 0.00% |
| GAURANG HITESH RUPARELIA | Promoter Group | 0 | 0.00% |
| GARGI H RUPARELIA | Promoter Group | 0 | 0.00% |
| MARGI HITESH RUPARELIA | Promoter Group | 0 | 0.00% |
| NILABEN NATVARLAL THAKARAR | Promoter Group | 0 | 0.00% |
| NIPUL NATVARLAL THAKARAR | Promoter Group | 0 | 0.00% |
| DEEPAK NATVARLAL THAKARAR | Promoter Group | 0 | 0.00% |
| ALPA N MAVANI | Promoter Group | 0 | 0.00% |
| PARTH UTPAL RUPARELIA | Promoter Group | 0 | 0.00% |
| MAHESH JAYANTILAL SACHDEV | Promoter Group | 0 | 0.00% |
| CHANDRIKA MAHESH SACHDEV | Promoter Group | 0 | 0.00% |
| AMITBHAI MAHESHBHAI SACHDEV | Promoter Group | 0 | 0.00% |
| LATE NATVARLAL NARANDAS THAKRAR | Promoter Group | 0 | 0.00% |
| TVH COMPUTER & CONSULTANTS PVT. LTD. | Promoter Group | 0 | 0.00% |
Regulatory Compliance
The filing confirms full compliance with the annual encumbrance disclosure requirement under SEBI's SAST Regulations. The declaration was digitally signed by both Hitesh Pravinchandra Ruparelia and Utpalbhai P Ruparelia on April 3, 2026, and submitted to the exchange for information and record purposes.
Historical Stock Returns for SD Retail
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +2.31% | +30.76% | +1.80% | -23.92% | -32.54% |
Could the zero-encumbrance status signal potential plans by SD Retail's promoters to pledge shares for future fundraising or expansion activities?
How might SD Retail's concentrated promoter holding of 65.29% impact the company's ability to attract institutional investors or improve free float liquidity?
Are there any upcoming capital allocation plans or business expansion strategies that SD Retail's management has hinted at, given the clean balance sheet of promoter holdings?

























