Sportking India discloses promoter shareholding for FY26

1 min read     Updated on 20 Jun 2026, 07:04 AM
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Sportking India Limited filed a disclosure with stock exchanges detailing the shareholding of its promoter and promoter group for the financial year ended March 31, 2026. The company confirmed that no encumbrances were placed on the promoter-held shares during this period. The detailed list includes holdings by Mr. Munish Avasthi and other group entities.

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Sportking India Limited has disclosed the shareholding details of its promoter and promoter group for the financial year ended March 31, 2026, confirming that no encumbrances were created on these shares during the period. The disclosure was submitted to BSE Limited and the National Stock Exchange of India Ltd in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The filing ensures transparency regarding the ownership structure and the status of the shares held by the promoters.

The declaration was made by Mr. Munish Avasthi, a promoter of the company, on behalf of the promoter and promoter group. It explicitly states that the group did not make any encumbrance over the shares held by them, directly or indirectly, during FY26. The submission was received by the exchanges on April 7, 2026.

Promoter and Promoter Group Holdings

The disclosure provides a comprehensive breakdown of the fully paid-up equity shares held by each member of the promoter group. The list includes individual promoters as well as various private limited companies associated with the group.

Name of the Promoter and Promoter Group No. of fully paid up equity shares held
Mr. Munish Avasthi 2,20,21,580
Ms. Parveen Avasthi 62,15,760
Ms. Anjali Avasthi 80,770
Mr. Suraj Dada 88,000
Ms. Anjali Dada 56,380
M/s Sobhagia Logistics Private Limited 3,05,32,390
M/s Angel Finvest Pvt Limited 1,85,85,720
M/s Sobhagia Sales Private Limited 1,61,88,130
M/s Aradhna Knitwears Private Limited 7,25,720

The filing was signed by Lovlesh Verma, Company Secretary of Sportking India Ltd , on April 7, 2026. The document was submitted in response to an email from the exchanges dated April 6, 2026.

Historical Stock Returns for Sportking

1 Day5 Days1 Month6 Months1 Year5 Years
-1.57%-4.21%+7.50%+93.11%+64.26%+70.48%

How will the clear ownership structure impact Sportking India's ability to raise capital in the future?

What strategic initiatives might the company pursue given the stable promoter holding?

Could this disclosure signal potential mergers or acquisitions by Sportking India?

Sportking India Ltd commences solar power project operations

1 min read     Updated on 19 Jun 2026, 03:27 AM
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Sportking India Ltd began commercial operations of its solar power project on June 18, 2026, partnering with M/s Evincea Renewable Seven Private Limited. The project aims to reduce power costs by 12-13% annually and lower the company's carbon footprint.

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Sportking India Ltd commenced commercial operations of its solar power project on June 18, 2026, marking a significant step in its commitment to sustainable growth and energy efficiency. The project, established under a Solar Power Purchase Agreement (SPPA) with M/s Evincea Renewable Seven Private Limited, a Special Purpose Vehicle, will supply solar power to the company's facilities in Punjab. This initiative is projected to reduce the company's power costs by approximately 12-13% annually, delivering substantial long-term financial benefits.

Operational and Financial Impact

The commissioning of the solar power project is expected to generate substantial long-term benefits for Sportking India Ltd. By integrating renewable energy sources, the company aims to optimize operating costs and enhance its competitiveness in the market. The reduction in power costs by 12-13% annually represents a direct improvement in operational efficiency.

Key Benefit Details
Cost Reduction Power costs expected to decrease by 12-13% annually
Energy Source Solar power supplied to facilities in Punjab
Agreement Partner M/s Evincea Renewable Seven Private Limited

Environmental and Strategic Objectives

Beyond financial savings, the project reinforces Sportking India Ltd's environmental and social objectives. The successful commissioning is designed to reduce the company's carbon footprint and increase the share of clean energy in its overall power consumption. This move aligns with the company's focus on creating sustainable value for all stakeholders while maintaining operational excellence.

Historical Stock Returns for Sportking

1 Day5 Days1 Month6 Months1 Year5 Years
-1.57%-4.21%+7.50%+93.11%+64.26%+70.48%

Will Sportking India Ltd consider expanding this solar initiative to other manufacturing facilities outside of Punjab?

How might the 12-13% reduction in power costs influence the company's pricing strategy and profit margins in the coming fiscal year?

Does the company plan to increase its investment in renewable energy to achieve a specific target for clean energy consumption in the future?

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1 Year Returns:+64.26%