Sungrowth Share Stocks Limited Releases Pledge on 1.49 Crore Shares of Incredible Industries

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.

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 following table summarizes the key details of the transaction:

Parameter	Details
Shares Released	1,48,83,750 shares
Percentage of Total Share Capital	31.83%
Type of Encumbrance	Pledge
Entity in Whose Favor	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 details:

Holding Details	Before Release	After Release
Total Promoter Shares	1,48,83,750 shares	1,48,83,750 shares
Total Shareholding	31.83%	31.83%
Encumbered Shares	1,48,83,750 shares (31.83%)	NIL
Free Shares	NIL	1,48,83,750 shares

Regulatory Compliance

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 has fulfilled its regulatory obligations under SEBI regulations by providing timely disclosure of the pledge release.

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. This action provides complete flexibility in shareholding management and corporate decision-making for the promoter entity.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.21%	+6.76%	-11.12%	-5.89%	-14.51%	+54.66%

RND Steels Limited has disclosed the release of pledge on its shareholding in Incredible Industries Limited, as per regulatory requirements under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Pledge Release Details

The company released its pledge on December 9, 2025, covering its entire shareholding in Incredible Industries Limited. The following table provides comprehensive details of the pledge release:

Parameter:	Details
Number of Shares Released:	3,40,000 shares
Percentage of Total Share Capital:	0.73%
Percentage of Diluted Share Capital:	0.73%
Date of Release:	December 9, 2025
Type of Encumbrance:	Pledge
Entity in Whose Favor Pledged:	SREI Infrastructure Finance Limited

Current Shareholding Position

Following the pledge release, RND Steels Limited's shareholding position in Incredible Industries Limited has been updated. The company continues to hold 3.40 lakh shares, representing 0.73% of the total share capital, but these shares are now free from any encumbrance.

Shareholding Status:	Before Release	After Release
Total Shares Held:	3,40,000	3,40,000
Percentage Holding:	0.73%	0.73%
Encumbered Shares:	3,40,000	Nil
Free Shares:	Nil	3,40,000

Regulatory Compliance

The disclosure was made in compliance with Regulation 31 of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. RND Steels Limited has informed all relevant stock exchanges including BSE, NSE, and Calcutta Stock Exchange about this development.

The company's communication was signed by Jaydeep Mukherjee, Director (DIN: 07965994), and submitted to the respective stock exchanges on December 11, 2025. This regulatory filing ensures transparency in shareholding patterns and encumbrance details for market participants and investors.