Dhruva Capital Services Limited , a financial services company, has reported a significant share pledging event involving one of its promoters. The company disclosed this information in compliance with SEBI regulations governing substantial acquisition of shares and takeovers.

Key Details of the Share Pledge

Impact on Shareholding

The pledged shares represent a significant portion of both the promoter's holding and the company's total share capital:

Promoter's Shareholding Details

This share pledge by Rachna Suman Shaw, a key promoter of Dhruva Capital Services Limited, is a notable corporate action that could have implications for the company's ownership structure and potentially its governance.

The company has duly informed the BSE Limited about this development, as evidenced by the LODR (Listing Obligations and Disclosure Requirements) data. The disclosure was made on October 24, 2025, in accordance with Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

While share pledging by promoters is not uncommon, it often attracts attention from investors and market watchers. The substantial portion of shares pledged (nearly half of the promoter's holding) may raise questions about the promoter's financial position or future plans.

It's important to note that the pledge has been created for personal use by the promoter, as stated in the disclosure. However, the specific reasons or intended use of the funds raised through this pledge have not been detailed in the available information.

Investors and stakeholders of Dhruva Capital Services Limited may want to monitor any further developments or disclosures related to this share pledge, as it represents a significant portion of the promoter's holding in the company.

Dhruva Capital Services Limited has announced a strategic merger with Vector Finance Private Limited, marking its entry into the microfinance business. The board of directors approved the merger on September 18, 2025, subject to necessary approvals from the National Company Law Tribunal, shareholders, and creditors of both companies.

Merger Details

The merger aims to combine Dhruva Capital's financial sector expertise with Vector Finance's strong presence in the microfinance industry. Vector Finance, with an Assets Under Management (AUM) of Rs 390.23 crore as of March 31, 2025, operates across six states, primarily in eastern and northeastern India. The company has a network of over 173 branches spanning 79 districts.

Financial Highlights

Strategic Benefits

Shreeram Bagla, Managing Director of Dhruva Capital Services Limited, stated, "The proposed merger of Vector Finance with Dhruva Capital marks a significant milestone in our growth journey. By joining forces, we wish to create a stronger and more resilient institution which combines our robust understanding of the financial sector with the deep and well-entrenched reach of the microfinance sector."

The merger is expected to:

• Expand Dhruva Capital's presence in underpenetrated markets
• Reduce overall borrowing costs
• Provide access to additional capital
• Potentially lower interest rates for customers
• Enhance the ability to serve customers across segments
• Expand product offerings

Industry Outlook

Rahul Johri, Chairman of Vector Finance and a veteran banker with over 34 years of experience, commented on the merger's potential impact: "This merger will offer perfect synergies to help create and develop a more diversified and resilient organisation by leveraging Dhruva Capital's understanding of the financial sector and backed by our strong deep roots level connect in the MFI sector."

The combined entity aims to drive inclusive growth by penetrating underserved markets and empowering communities with accessible and affordable financial services.

Current Operations

Dhruva Capital Services currently offers a range of financial products, including:

• Business loans
• Loans against property
• Commercial vehicle and equipment loans
• Invoice and lease rental discounting
• Construction finance

The strategic merger with Vector Finance is set to diversify Dhruva Capital's portfolio and strengthen its position in the growing microfinance sector.