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07 Apr 2026
Mangalam Industrial Finance has received a regulatory disclosure under SEBI regulations regarding a significant share sale by promoter group entity DY Captive Projects LLP. The entity sold 17,09,150 equity shares through open market transactions across three dates in April 2026, further reducing its shareholding position in the company.
Official Regulatory Filing Details
DY Captive Projects LLP, through its Designated Partner Kameshwar Singh, disclosed the share sale transaction to both BSE Limited and the company's board of directors on April 7, 2026. The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Parameter: Details Total Shares Sold: 17,09,150 Transaction Mode: Open Market Sale Stock Exchange: BSE Limited Filing Date: April 7, 2026 LLPIN: AAO-5357
Transaction Timeline
The share sale was executed across three separate trading sessions, demonstrating a systematic approach to the divestment process.
Date: Shares Sold Transaction Details April 1, 2026: 11,09,462 Open Market Sale April 2, 2026: 4,23,100 Open Market Sale April 6, 2026: 1,76,588 Open Market Sale Total: 17,09,150 Combined Sales
Updated Shareholding Position
Following this transaction, DY Captive Projects LLP's stake in Mangalam Industrial Finance has been reduced from 6.14% to 6.02%. The detailed shareholding changes are outlined in the regulatory filing submitted to BSE Limited.
Position: Number of Shares Percentage Holding Before Sale: 87,451,330 6.14% After Sale: 85,742,180 6.02% Shares Sold: 17,09,150 0.12%
Entity and Compliance Details
The selling entity DY Captive Projects LLP (LLPIN: AAO-5357) is identified as belonging to the promoter/promoter group of Mangalam Industrial Finance Limited. The transaction was executed through open market sale on BSE Limited, where the company's shares are listed under scrip code 537800.
Key Transaction Participants:
Selling Entity: DY Captive Projects LLP
Designated Partner: Kameshwar Singh (DPIN: 08575577)
Target Company: Mangalam Industrial Finance Limited (CIN: L65993WB1983PLC035815)
Registered Office: Old Nimta Road, Nandan Nagar, Belghoria Kolkata, West Bengal 700 083
Company Capital Structure
Mangalam Industrial Finance Limited's equity share capital remains unchanged at Rs. 1,42,51,29,928, divided into 1,42,51,29,928 equity shares of Re. 1 each. The total diluted share capital also stands at the same figure, with no outstanding convertible instruments reported. All regulatory disclosures have been filed with BSE Limited and the company's board of directors as per SEBI requirements.
Mangalam Industrial Finance Limited has received a formal regulatory disclosure from its promoter regarding the creation of a share pledge under SEBI Takeover Regulations. The latest development involves promoter Yatin Sanjay Gupte pledging equity shares as collateral for financial arrangements, with the official disclosure submitted on April 7, 2026.
Share Pledge Transaction Details
Promoter Yatin Sanjay Gupte has created a pledge of 1,75,43,895 equity shares to Blacksoil Capital Private Limited, representing 1.23% of the company's total share capital. The pledge was formally created on April 2, 2026, with the regulatory disclosure submitted under Regulation 31(2) and 31(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Parameter: Details Pledged Shares: 1,75,43,895 equity shares Percentage of Total Capital: 1.23% Pledge Creation Date: April 2, 2026 Beneficiary: Blacksoil Capital Private Limited Mode of Transaction: Creation of Pledge
Promoter Holdings Structure
Following the pledge creation, Gupte's total shareholding stands at 8,52,72,898 shares, representing 5.98% of the company's total share capital. The pledged shares serve as collateral security for financial assistance provided to a group company, as outlined in the pledge agreement executed on March 27, 2026. After this transaction, Gupte's total encumbered shares amount to 8,50,00,000 shares, representing 5.96% of the total share capital.
Holdings Category: Yatin Sanjay Gupte Other Promoters Total Voting Rights: 8,52,72,898 (5.98%) Multiple entities Total Encumbered Shares: 8,50,00,000 (5.96%) Nil New Pledge Amount: 1,75,43,895 (1.23%) - Pledge Beneficiary: Blacksoil Capital Private Limited -
Official Regulatory Documentation
The disclosure was formally submitted through official documentation signed by Company Secretary Samoil Akilbhai Lokhandwala on April 7, 2026. The comprehensive regulatory filing includes detailed shareholding patterns and compliance with SEBI takeover regulations. According to the pledge agreement terms and conditions, the financial assistance obtained by the borrower is secured by the pledge of these equity shares held by the pledgor in the target company.
Company Share Capital Structure
According to the regulatory disclosure, Mangalam Industrial Finance Limited maintains its equity share capital structure with shares listed on BSE Limited. The company's promoter group includes multiple entities, with Yatin Sanjay Gupte being one of the key promoters alongside Wardwizard Solutions India Private Limited, Venkata Ramana Revuru, Sojan Vettukallel Avirachan, and Garuda Mart India Private Limited.
Capital Structure: Details Listing Exchange: BSE Limited Scrip Code: 537800 Disclosure Date: April 7, 2026 Reporting Date: April 6, 2026 Transaction Type: Creation of Pledge
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