Incredible Industries Limited has announced the release of pledge on a significant shareholding by Mahananda Suppliers Limited following the complete repayment of a term loan. The disclosure, made under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, marks a notable development in the shareholding pattern of the target company.

Details of Pledge Release

Mahananda Suppliers Limited released pledge on 86.26 lakh shares of Incredible Industries Limited, representing 18.45% of the company's total share capital. The encumbrance was released following the full repayment of a term loan to SREL Infrastructure Finance Limited.

Current Shareholding Position

Post the pledge release, Mahananda Suppliers Limited's shareholding structure in Incredible Industries Limited has been updated. The company continues to maintain a substantial stake in the target company without any encumbrance on the released shares.

Regulatory Compliance

The disclosure was submitted to multiple stock exchanges where Incredible Industries Limited shares are listed, including BSE, NSE, and Calcutta Stock Exchange.

The release of this substantial pledge represents a significant improvement in the liquidity position of Mahananda Suppliers Limited's shareholding in Incredible Industries Limited. With the complete removal of encumbrance on 18.45% of the share capital, the promoter now holds its entire 35.50% stake without any restrictions, providing greater flexibility in corporate decision-making and potential future transactions.

Sungrowth Share Stocks Limited has announced the release of a significant pledge on shares of Incredible Industries Limited, marking a notable development in the promoter's shareholding structure. The disclosure was made under Regulation 31 of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, with the latest submission dated December 13, 2025.

Pledge Release Details

The pledge release involves a substantial number of shares and represents a complete elimination of encumbered holdings by Sungrowth Share Stocks Limited. The release was executed following full repayment of a term loan to SREI Infrastructure Finance Limited.

Promoter Holdings Impact

Sungrowth Share Stocks Limited maintains its position as a promoter of Incredible Industries Limited with significant shareholding. The company's holding structure shows the following transformation:

Regulatory Compliance and Disclosure Process

The disclosure was made simultaneously to multiple stock exchanges where Incredible Industries Limited shares are listed, including the National Stock Exchange of India Limited (NSE), BSE Limited, and The Calcutta Stock Exchange Limited. The company submitted a revised disclosure on December 13, 2025, following correspondence with BSE dated December 12, 2025, to include detailed reasons for the encumbrance release as required under SEBI regulations.

Corporate Structure

Sungrowth Share Stocks Limited, incorporated under CIN U65993WB1994PLC066223, operates from its registered office at 14, Netaji Subhas Road, 2nd Floor, Kolkata. The disclosure was signed by Mayank Agarwal, Director with DIN 08458723, ensuring proper authorization and compliance with corporate governance norms.

This pledge release eliminates the encumbrance on the entire promoter shareholding held by Sungrowth Share Stocks Limited in Incredible Industries Limited, reducing encumbered holdings from 31.83% to zero. The action provides complete flexibility in shareholding management and corporate decision-making for the promoter entity, following the successful completion of loan obligations.