Super Tannery Limited Promoters Pledge 29.87% Stake with SBICAP Trustee Disclosure
Four promoters of Super Tannery Limited have pledged 32,248,406 equity shares representing 29.87% of total share capital to SBICAP Trustee Company Limited as collateral for working capital financing. The pledge arrangement, valued at ₹21,12,27,059 with shares priced at ₹6.55 each, has been disclosed under SEBI regulations by both the promoters and the trustee company, ensuring comprehensive regulatory compliance.

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Super Tannery Limited has announced that four of its promoters have pledged a substantial portion of their equity holdings as collateral for working capital financing arrangements. The formal disclosure was made under Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011, with the documentation submitted to BSE Limited on March 3, 2026. Additionally, SBICAP Trustee Company Limited has filed a separate disclosure under Regulation 29(1) of the same regulations.
Promoter Share Pledge Details
The pledge transactions involved four key promoters who collectively encumbered 32,248,406 equity shares, representing 29.87% of the company's total share capital. The shares were pledged to SBI Overseas Branch Kanpur through its Trustee SBICAP Company Limited Mumbai on February 27, 2026, and March 2, 2026.
| Promoter Name: | Shares Pledged | Percentage of Total Capital | Pledge Date |
|---|---|---|---|
| Iftikharul Amin: | 15,235,622 | 14.11% | March 2, 2026 |
| Iqbal Ahsan: | 4,993,648 | 4.62% | March 2, 2026 |
| Ismat Iqbal: | 11,130,555 | 10.31% | February 27, 2026 |
| Sophia Amin: | 888,581 | 0.83% | February 27, 2026 |
| Total Pledged: | 32,248,406 | 29.87% | - |
SBICAP Trustee Regulatory Disclosure
SBICAP Trustee Company Limited has filed a comprehensive disclosure under Regulation 29(1) of SEBI regulations, confirming the acquisition of encumbered shares. The trustee company, which had no prior holdings in Super Tannery Limited, now holds 32,248,406 pledged equity shares representing 29.87% of the total share capital.
| Parameter: | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Held: | NIL | NIL |
| Shares Encumbered: | NIL | 32,248,406 (29.87%) |
| Total Holdings: | NIL | 32,248,406 (29.87%) |
| Mode of Acquisition: | - | Pledge of Equity Shares |
Share Capital Structure
According to the SBICAP Trustee disclosure, the pledged shares have a face value of ₹6.55 each, aggregating to ₹21,12,27,059. This differs from the earlier reported share capital structure, indicating updated valuation parameters for the pledge arrangement.
| Parameter: | Details |
|---|---|
| Pledged Shares: | 32,248,406 equity shares |
| Face Value per Share: | ₹6.55 |
| Total Pledged Value: | ₹21,12,27,059 |
| Percentage of Total Capital: | 29.87% |
| Stock Exchange Listed: | BSE |
Regulatory Compliance Framework
The dual disclosure approach ensures comprehensive regulatory compliance, with both the promoters filing under Regulation 31(2) and the trustee company filing under Regulation 29(1). SBICAP Trustee Company Limited, operating from its registered office in Mumbai and branch office in New Delhi, serves as the authorized trustee for SBI Overseas Branch Kanpur in this arrangement.
The documentation confirms that SBICAP Trustee Company Limited is not part of the promoter group and had no previous shareholding in Super Tannery Limited. The pledge arrangement represents a standard working capital financing structure with proper regulatory oversight and transparency measures in place.
Historical Stock Returns for Super Tannery
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -8.05% | -12.57% | -12.82% | -30.46% | -39.74% | +103.70% |




























