VIP Clothing clarifies pledge release of 6,00,000 shares by Lalita Pathare
- VIP Clothing Ltd clarified a SEBI SAST Regulation disclosure error regarding share pledges
- Mrs. Lalita Jaykumar Pathare released 6,00,000 pledged shares on September 25, 2026
- Mr. Sunil Jaykumar Pathare's existing pledge of 71,54,412 shares remains unchanged at 7.93%
- The clarification was filed with BSE Limited on October 12, 2026, correcting prior inconsistencies
*this image is generated using AI for illustrative purposes only.
VIP Clothing Ltd submitted a clarification to BSE Limited regarding a discrepancy in its encumbrance disclosure under SEBI (SAST) Regulations. The correction addresses the release of 6,00,000 equity shares pledged by promoter Mrs. Lalita Jaykumar Pathare on September 25, 2026.
The clarification follows a query from BSE dated October 7, 2026, concerning a disclosure filed on September 30, 2026. The company explained that an existing pledge of 71,54,412 shares held by Mr. Sunil Jaykumar Pathare was inadvertently repeated in the event-related columns. This error created an apparent inconsistency between pre-event and post-event figures. The original pledge by Mr. Sunil Pathare was created on August 30, 2022, and remained unchanged at 7.93% of total share capital.
Clarification on Encumbrance Details
The company confirmed that the event reported relates solely to the release of Mrs. Lalita Jaykumar Pathare's pledge. Following this release, her encumbered holding became NIL. The lender for Mr. Sunil Pathare's existing pledge is State Bank of India, with SBICAP Trustee Company Limited acting as trustee.
The corrected Annexure I distinguishes the existing encumbrance from the new transaction. It confirms that Mr. Sunil Pathare's encumbered holding immediately before and after the event remained 71,54,412 equity shares. The disclosure was signed by Mrs. Lalita Jaykumar Pathare on October 12, 2026.
Promoter Holdings and Encumbrance Status
The following table details the promoter holdings and encumbrance status as per the corrected disclosure:
| Promoter Name | Total Shares Held | % of Capital | Encumbered Before Event | % of Capital | Encumbered After Event | % of Capital |
|---|---|---|---|---|---|---|
| Lalita Jaykumar Pathare | 73,38,652 | 8.14% | 6,00,000 | 0.67% | NIL | NIL |
| Sunil Jaykumar Pathare | 1,69,92,008 | 18.85% | 71,54,412 | 7.93% | 71,54,412 | 7.93% |
| Kapil Jaykumar Pathare | 1,50,65,548 | 16.72% | NIL | NIL | NIL | NIL |
| Kanishk Sunil Pathare | 9,35,749 | 1.04% | NIL | NIL | NIL | NIL |
| Heena Sunil Pathare | 8,34,443 | 0.93% | NIL | NIL | NIL | NIL |
| Ashwini Kapil Pathare | 6,87,138 | 0.76% | NIL | NIL | NIL | NIL |
| Maxwell Capital Mgmt Pvt Ltd | 1,02,000 | 0.11% | NIL | NIL | NIL | NIL |
Note: Percentages are calculated against the total share capital of VIP Clothing Ltd.
What the Numbers Show
The data reveals a divergence in pledge utilization among key promoters. While Mrs. Lalita Pathare's entire encumbered holding of 6,00,000 shares (0.67% of capital) was released, Mr. Sunil Pathare continues to hold 71,54,412 shares in pledge (7.93% of capital). This indicates that while one promoter has cleared their collateral obligation, the largest single block of pledged shares remains with State Bank of India via SBICAP Trustee Company Limited, suggesting ongoing financing dependencies within the promoter group.
Historical Stock Returns for VIP Clothing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.60% | -0.94% | -6.45% | -16.87% | -42.46% | +14.29% |
Will the continued pledge of 7.93% of capital by Mr. Sunil Pathare with State Bank of India impact VIP Clothing's future debt-raising capacity or credit rating?
Does the release of Mrs. Lalita Pathare's shares signal a broader strategy by the promoter group to reduce overall encumbrances in the coming quarters?
How might SEBI's scrutiny over the recent disclosure error influence VIP Clothing's internal compliance processes for future SAST filings?
17
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
