Standard Engineering Technology Limited has received another pledge disclosure from its promoter group entity Standard Holdings under SEBI Takeover Code compliance requirements. This separate pledge arrangement involves personal borrowing by the promoter group, distinct from the earlier S2 Engineering Services pledge.

New Pledge Transaction Details

Promoter group entity Standard Holdings, represented by partners Kandula Krishna Veni and Kandula Ramakrishna, has pledged 42,57,144 equity shares of the company on December 31, 2025. The pledge was created with two lenders for a total borrowing amount of ₹27.30 crores for personal use.

Lender-wise Distribution

The pledge arrangement involves two established financial institutions with different borrowing amounts and share allocations.

Standard Holdings Shareholding Structure

The pledged shares represent a significant portion of Standard Holdings' total holding in the company. Standard Holdings holds 46,01,481 equity shares, constituting 2.30% of the company's total share capital.

Security and Valuation Metrics

The pledge arrangement demonstrates strong security cover for the borrowing. The value of pledged shares provides adequate margin for the lenders with a comfortable security ratio.

Regulatory Compliance Framework

The disclosure was made in compliance with SEBI takeover regulations and listing obligations. The company confirmed that the borrowing is for personal use by the promoter and will not benefit the listed company or its subsidiaries.

The pledge does not trigger significant regulatory thresholds as it represents less than 50% of promoter shareholding and less than 20% of total share capital. Both Bajaj Finance Limited and Tata Capital Limited are established financial institutions, ensuring regulatory compliance for the financing structure.

Vedanta has experienced a notable decline in its dividend yield rankings, dropping to seventh position among India's top dividend-paying stocks based on December 31, 2025 closing prices, according to a recent analysis by SBI Securities. This represents a significant shift in the dividend yield landscape, with lesser-known companies now occupying the top positions.

Vedanta's Declining Dividend Performance

Vedanta's dividend yield for FY25 stands at 7.2%, marking a decline from 8.8% recorded as of October 31, 2025. The company previously held the second position in SBI Securities' November 3, 2025 report, trailing only behind Premco Global. The current yield represents a substantial decrease from the company's FY23 dividend yield of 16.8%.

Despite the declining yield, Vedanta shares have rallied 35.00% over the past year, which contributes to the lower dividend yield calculation as strong stock price performance can reduce yield percentages.

New Leaders in Dividend Yield Rankings

Multibase India has emerged as the surprise leader with an exceptional dividend yield of 24.8% for FY25. This represents a dramatic improvement from 1.4% in FY24 and 0.9% in FY23. The company, which specializes in specialty and intermediate chemicals for consumer and industrial applications, has a market capitalization of ₹270.57 crores on BSE.

Multibase India's impressive yield was supported by an interim dividend of ₹53.00 per share distributed in November, representing a substantial payout compared to previous dividends.

Complete Top 10 Dividend Yield Rankings

The remaining positions in the top 10 list include established companies across various sectors:

Other Notable High-Yield Stocks

Several widely followed stocks maintain relatively high dividend yields outside the top 10:

• ONGC: 5.1%
• REC: 5.0%
• Quess Corp: 4.9%
• Hindustan Zinc: 4.7%
• Power Finance Corporation (PFC): 4.4%
• GAIL: 4.4%
• NMDC: 4.0%
• Tata Consultancy Services: 3.9%
• HCL Technologies: 3.7%
• ITC: 3.6%
• Oracle Financial Services: 3.4%

Analysis Methodology

SBI Securities calculated dividend yields based on December 31, 2025 closing prices, considering only companies that have consistently paid dividends over the last three financial years. The analysis highlights how dividend yields can fluctuate due to stock price movements, with strong rallies potentially reducing yield percentages even when absolute dividend payments remain stable.