The promoters of Vertoz Ltd have confirmed that no new encumbrances were created on their shareholdings during the financial year ended March 31, 2026. In a disclosure submitted to the National Stock Exchange of India Limited, the group stated that apart from previously disclosed pledging and non-disposal undertakings, no restrictions were placed on the free and marketable title to their shares. The filing was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The promoter group, comprising Hirenkumar Rasiklal Shah, Ashish Rasiklal Shah, and other members, collectively holds 5,52,33,242 equity shares, representing 64.80% of the company's total share capital. Despite the high holding, a significant portion of these shares remains subject to encumbrances. The total encumbered shares amount to 4,41,60,696, which constitutes 51.82% of the total share capital. Consequently, the unencumbered shares held by the promoter group total 1,10,72,546, or 12.98% of the share capital.

The specific nature of the encumbrances includes pledges and non-disposal undertakings (NDU). Hirenkumar Rasiklal Shah and Ashish Rasiklal Shah, both promoters, have each pledged 1,73,84,500 shares. This represents 79.06% of their individual holdings and 20.40% of the company's total share capital for each promoter. Additionally, a non-disposal undertaking covers 4,41,60,696 shares, representing 51.82% of the total share capital, pursuant to an NDU Agreement dated June 25, 2025.

The filing provides a detailed breakdown of the shareholding within the promoter group. The table below outlines the holdings of key members as of March 31, 2026:

The disclosure also clarifies reporting discrepancies regarding the non-disposal undertaking in the quarterly Shareholding Pattern (SHP). The promoters noted that while the entire shareholding of Hirenkumar Shah, Ashish Shah, and Rasiklal Shah is subject to the NDU, the SHP reflects only the balance shareholding. This adjustment is necessary to avoid an incorrect calculation of the percentage of encumbered shares, given that a portion of the shares is also pledged.

Vertoz Limited has filed its fourth patent application in India on June 24, 2026, to strengthen its intellectual property portfolio focused on digital advertising technology. The new application, titled “System and Method for Demand Platform Optimization (DPO) Using Machine Learning-Based DSP Prediction, Ranking, and Real-Time Slot Allotment,” aims to enhance the efficiency of ad transactions through advanced predictive algorithms.

The proposed invention utilizes machine learning to identify advertising partners most likely to respond to specific ad opportunities before requests are transmitted. By prioritizing relevant demand sources and minimizing unnecessary request forwarding, the system seeks to reduce infrastructure overhead and enable faster ad delivery. This technological development underscores Vertoz 's commitment to creating scalable, data-driven solutions within the digital advertising ecosystem.

Strategic Impact

The filing reflects the company's continued investment in research and development to build differentiated advertising technologies. By integrating machine learning into demand-side platform (DSP) operations, Vertoz intends to improve performance metrics for advertisers while optimizing resource allocation across its network.

Patent Details

This addition to the company's intellectual property assets aligns with its strategy to foster innovation and create sustainable value for stakeholders through advanced advertising technologies.