Super Tannery Limited Submits Revised SEBI Disclosure for Promoter Share Encumbrance

Super tannery Limited has submitted revised disclosures to the Bombay Stock Exchange under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, addressing calculation errors in promoter share encumbrance details.

The company acknowledged discrepancies in earlier disclosures submitted for four promoters and has now filed corrected information to rectify these inadvertent errors.

Error Correction Details

The calculation error occurred due to different bases being used for percentage computations. In the earlier disclosure, encumbrance share percentages were calculated based on total promoter holding of 63077723 shares, while post-event holdings were calculated against the company's total share capital of 107973360 shares, causing percentage mismatches.

Parameter	Details
Total Promoter Holding	63077723 shares
Total Share Capital	107973360 shares
Error Type	Mismatched calculation bases
Affected Promoters	4 individuals

Promoter Share Encumbrance Summary

The revised disclosure covers share pledging activities by four key promoters as collateral for working capital limits from SBI Overseas Branch Kanpur through its trustee SBICAP Company Limited Mumbai.

Promoter Name	Total Holding	% of Capital	Encumbered Shares	% Encumbered	Pledge Date
Iftikharul Amin	15235622	14.11%	15235622	14.11%	02-03-2026
Sophia Amin	3458400	3.20%	888581	0.82%	27-02-2026
Iqbal Ahsan	9142502	8.47%	4993648	4.62%	02-03-2026
Ismat Iqbal	11130555	10.31%	11130555	10.31%	27-02-2026
Total Encumbered	-	-	32248406	29.87%	-

Encumbrance Structure

The total promoter shareholding in the company stands at 63077723 shares, representing 58.42% of total share capital. The encumbered shares constitute 51.12% of promoter shareholding and exceed both the 50% promoter shareholding threshold and 20% total share capital threshold, triggering disclosure requirements.

Metric	Value
Total Promoter Shares	63077723 (58.42%)
Encumbered as % of Promoter Holding	51.12%
Encumbered as % of Total Capital	29.87%
Lender	SBI Overseas Branch Kanpur
Trustee	SBICAP Company Limited Mumbai
Purpose	Working capital collateral

Regulatory Compliance

The company has assured that the calculation errors were unintentional and expressed regret for the discrepancies. Company Secretary R.K. Awasthi signed the revised disclosure dated 17-03-2026, requesting the stock exchange to take the corrected information on record.

The revised disclosure includes comprehensive details about the pledge arrangements, security cover of Rs. 23,54,13,363 against an amount of Rs. 101.80 crores, and confirms the borrowed funds will be utilized for company business purposes.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-6.26%	-7.51%	-18.89%	-36.32%	-42.59%	+99.28%

Super Tannery Limited has announced that four of its promoters have pledged a substantial portion of their equity holdings as collateral for working capital financing arrangements. The formal disclosure was made under Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011, with the documentation submitted to BSE Limited on March 3, 2026. Additionally, SBICAP Trustee Company Limited has filed a separate disclosure under Regulation 29(1) of the same regulations.

Promoter Share Pledge Details

The pledge transactions involved four key promoters who collectively encumbered 32,248,406 equity shares, representing 29.87% of the company's total share capital. The shares were pledged to SBI Overseas Branch Kanpur through its Trustee SBICAP Company Limited Mumbai on February 27, 2026, and March 2, 2026.

Promoter Name:	Shares Pledged	Percentage of Total Capital	Pledge Date
Iftikharul Amin:	15,235,622	14.11%	March 2, 2026
Iqbal Ahsan:	4,993,648	4.62%	March 2, 2026
Ismat Iqbal:	11,130,555	10.31%	February 27, 2026
Sophia Amin:	888,581	0.83%	February 27, 2026
Total Pledged:	32,248,406	29.87%	-

SBICAP Trustee Regulatory Disclosure

SBICAP Trustee Company Limited has filed a comprehensive disclosure under Regulation 29(1) of SEBI regulations, confirming the acquisition of encumbered shares. The trustee company, which had no prior holdings in Super Tannery Limited, now holds 32,248,406 pledged equity shares representing 29.87% of the total share capital.

Parameter:	Before Acquisition	After Acquisition
Shares Held:	NIL	NIL
Shares Encumbered:	NIL	32,248,406 (29.87%)
Total Holdings:	NIL	32,248,406 (29.87%)
Mode of Acquisition:	-	Pledge of Equity Shares

Share Capital Structure

According to the SBICAP Trustee disclosure, the pledged shares have a face value of ₹6.55 each, aggregating to ₹21,12,27,059. This differs from the earlier reported share capital structure, indicating updated valuation parameters for the pledge arrangement.

Parameter:	Details
Pledged Shares:	32,248,406 equity shares
Face Value per Share:	₹6.55
Total Pledged Value:	₹21,12,27,059
Percentage of Total Capital:	29.87%
Stock Exchange Listed:	BSE

Regulatory Compliance Framework

The dual disclosure approach ensures comprehensive regulatory compliance, with both the promoters filing under Regulation 31(2) and the trustee company filing under Regulation 29(1). SBICAP Trustee Company Limited, operating from its registered office in Mumbai and branch office in New Delhi, serves as the authorized trustee for SBI Overseas Branch Kanpur in this arrangement.

The documentation confirms that SBICAP Trustee Company Limited is not part of the promoter group and had no previous shareholding in Super Tannery Limited. The pledge arrangement represents a standard working capital financing structure with proper regulatory oversight and transparency measures in place.