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  3. V2 Retail Promoter Entity Ricon Commodities Creates Pledge on 33,50,000 Equity Shares Under SEBI Takeover Regulations
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India IPO
  • 05 May 2026
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 V2 Retail Promoter Entity Ricon Commodities Creates Pledge on 33,50,000 Equity Shares Under SEBI Takeover Regulations

Ricon Commodities Private Limited, a promoter group entity of V2 Retail Limited, created a pledge on 33,50,000 equity shares (0.91% of total share capital) in favour of Infina Finance (P) Ltd on March 30, 2026, as collateral for a loan. The disclosure was made under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and reported on March 31, 2026. Ricon Commodities Private Limited holds 12,86,27,100 shares, representing 35.28% of V2 Retail Limited's total share capital. No other promoter group entities reported any encumbrance activity in this filing.

V2 Retail Promoter Entity Ricon Commodities Creates Pledge on 33,50,000 Equity Shares Under SEBI Takeover Regulations

Ricon Commodities Private Limited, a promoter group entity of v2 retail Limited, has disclosed the creation of a pledge on 33,50,000 equity shares of V2 Retail Limited. The pledge was created on March 30, 2026, in favour of Infina Finance (P) Ltd as collateral for a loan taken by Ricon Commodities Private Limited. The disclosure was filed under Regulation 31(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the reporting date noted as March 31, 2026.

Pledge Creation Details

The 33,50,000 pledged shares represent 0.91% of V2 Retail Limited's total share capital. Prior to this event, Ricon Commodities Private Limited held no previously encumbered shares. Following the pledge creation, the total encumbered holding of Ricon Commodities Private Limited stands at 33,50,000 shares, equivalent to 0.91% of total share capital. The key details of the pledge event are summarised below:

Parameter: Details Target Company: V2 Retail Limited Promoter / PAC: Ricon Commodities Private Limited Type of Event: Creation Date of Creation: March 30, 2026 Type of Encumbrance: Pledge Reason for Encumbrance: Collateral for Loan taken by Ricon Commodities Private Limited No. of Shares Pledged: 33,50,000 % of Total Share Capital: 0.91% Entity in Whose Favour Pledged: Infina Finance (P) Ltd

Promoter Group Shareholding Structure

The disclosure also provides a comprehensive view of the promoter group's shareholding in V2 Retail Limited. Ricon Commodities Private Limited holds the largest stake among the promoter group entities. The complete promoter group shareholding is detailed in the table below:

Promoter / PAC: No. of Shares % of Total Share Capital Ricon Commodities Private Limited: 12,86,27,100 35.28% Ram Chandra Agarwal: 1,88,39,620 5.17% Akash Agarwal: 1,63,87,790 4.49% Vishal Waterworld Pvt Ltd: 1,43,31,760 3.93% V2 Conglomerate Limited: 63,25,820 1.73% Ramchandra Agarwal (HUF): 15,50,000 0.43% Uma Agarwal: 14,40,000 0.34% Shreya Agarwal: 46,810 0.01%

Regulatory Disclosure

The disclosure was submitted by Ram Chandra Agarwal, Director of Ricon Commodities Private Limited (DIN: 00491885), to both BSE Limited and the National Stock Exchange of India Limited, as well as to V2 Retail Limited. No other promoter group entities reported any creation, release, or invocation of encumbrance in this filing. The shares of V2 Retail Limited are listed on both BSE Limited and the National Stock Exchange of India Limited.

V2 Retail Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026, fulfilling regulatory requirements under SEBI depositories regulations. The submission demonstrates the company's adherence to mandatory compliance protocols for listed entities.

Regulatory Compliance Filing

The company submitted the certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, to both BSE Limited and National Stock Exchange of India Limited on April 9, 2026. Company Secretary and Compliance Officer Shivam Aggarwal signed the filing on behalf of V2 Retail Limited.

Filing Details: Information Quarter Ended: March 31, 2026 Filing Date: April 9, 2026 Regulation: SEBI (Depositories and Participants) Regulations, 2018 - Section 74(5) Signatory: Shivam Aggarwal, Company Secretary & Compliance Officer

Registrar Confirmation

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, serving as the company's registrar and transfer agent, provided the confirmation certificate dated April 8, 2026. The registrar confirmed proper handling of securities received from depository participants for dematerialization during the quarter.

Registrar Details: Information Entity: MUFG Intime India Private Limited Former Name: Link Intime India Private Limited CIN: U67190MH1999PTC118368 Signatory: Bharat Bhushan, Assistant Vice President Certificate Date: April 8, 2026

Compliance Confirmations

The registrar's certificate confirms that securities received for dematerialization during Q4 FY26 were properly processed within prescribed timelines. Key confirmations include:

Securities received from depository participants were confirmed to depositories

All securities have been listed on stock exchanges where earlier issued securities are listed

Security certificates received for dematerialization were properly verified

Physical certificates were mutilated and cancelled after due verification

Depository names were substituted in the register of members as registered owners

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in securities handling and maintaining investor confidence in the dematerialization process.

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