NewsV2 Retail Promoter Entity Ricon Commodities Creates Pledge on 33,50,000 Equity Shares Under SEBI Takeover RegulationsV2 Retail Promoter Entity Ricon Commodities Creates Pledge on 33,50,000 Equity Shares Under SEBI Takeover Regulations
Ricon Commodities Private Limited, a promoter group entity of V2 Retail Limited, created a pledge on 33,50,000 equity shares (0.91% of total share capital) in favour of Infina Finance (P) Ltd on March 30, 2026, as collateral for a loan. The disclosure was made under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and reported on March 31, 2026. Ricon Commodities Private Limited holds 12,86,27,100 shares, representing 35.28% of V2 Retail Limited's total share capital. No other promoter group entities reported any encumbrance activity in this filing.
*this image is generated using AI for illustrative purposes only.
Ricon Commodities Private Limited, a promoter group entity of v2 retail Limited, has disclosed the creation of a pledge on 33,50,000 equity shares of V2 Retail Limited. The pledge was created on March 30, 2026, in favour of Infina Finance (P) Ltd as collateral for a loan taken by Ricon Commodities Private Limited. The disclosure was filed under Regulation 31(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the reporting date noted as March 31, 2026.
Pledge Creation Details
The 33,50,000 pledged shares represent 0.91% of V2 Retail Limited's total share capital. Prior to this event, Ricon Commodities Private Limited held no previously encumbered shares. Following the pledge creation, the total encumbered holding of Ricon Commodities Private Limited stands at 33,50,000 shares, equivalent to 0.91% of total share capital. The key details of the pledge event are summarised below:
| Parameter: | Details |
|---|---|
| Target Company: | V2 Retail Limited |
| Promoter / PAC: | Ricon Commodities Private Limited |
| Type of Event: | Creation |
| Date of Creation: | March 30, 2026 |
| Type of Encumbrance: | Pledge |
| Reason for Encumbrance: | Collateral for Loan taken by Ricon Commodities Private Limited |
| No. of Shares Pledged: | 33,50,000 |
| % of Total Share Capital: | 0.91% |
| Entity in Whose Favour Pledged: | Infina Finance (P) Ltd |
Promoter Group Shareholding Structure
The disclosure also provides a comprehensive view of the promoter group's shareholding in V2 Retail Limited. Ricon Commodities Private Limited holds the largest stake among the promoter group entities. The complete promoter group shareholding is detailed in the table below:
| Promoter / PAC: | No. of Shares | % of Total Share Capital |
|---|---|---|
| Ricon Commodities Private Limited: | 12,86,27,100 | 35.28% |
| Ram Chandra Agarwal: | 1,88,39,620 | 5.17% |
| Akash Agarwal: | 1,63,87,790 | 4.49% |
| Vishal Waterworld Pvt Ltd: | 1,43,31,760 | 3.93% |
| V2 Conglomerate Limited: | 63,25,820 | 1.73% |
| Ramchandra Agarwal (HUF): | 15,50,000 | 0.43% |
| Uma Agarwal: | 14,40,000 | 0.34% |
| Shreya Agarwal: | 46,810 | 0.01% |
Regulatory Disclosure
The disclosure was submitted by Ram Chandra Agarwal, Director of Ricon Commodities Private Limited (DIN: 00491885), to both BSE Limited and the National Stock Exchange of India Limited, as well as to V2 Retail Limited. No other promoter group entities reported any creation, release, or invocation of encumbrance in this filing. The shares of V2 Retail Limited are listed on both BSE Limited and the National Stock Exchange of India Limited.
Historical Stock Returns for V2 Retail
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.72% | +2.15% | +8.63% | -15.05% | -87.73% | +1,795.00% |
Could the pledge of 33,50,000 shares to Infina Finance signal further capital-raising plans by Ricon Commodities, potentially leading to additional encumbrances on V2 Retail's promoter shareholding?
How might a potential invocation of this pledge by Infina Finance impact V2 Retail's stock price and overall promoter control of the company?
Given that Ricon Commodities holds 35.28% of V2 Retail, what is the maximum threshold of shares that could be pledged before triggering regulatory concerns or open offer obligations under SEBI's Takeover Code?
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