Poddar Housing and Development Limited — Others, 15-05-2025: Disclosure under SEBI Takeover Regulations

Poddar Housing and Development Limited’s promoters have created new pledges on 1,95,627 shares (2.69% of shares) during FY 2024-25, with significant pledges by Brite Merchants Limited and Poddar Bhumi Holdings Limited. Overall, promoter group entities have pledged 27,21,787 shares, representing 37.45% of total shares, in favor of Vistra (ITCL) India Limited as trustee for HDFC Capital Affordable Real Estate Fund. This ongoing pledge activity highlights leveraged financing within the promoter group, which may affect shareholding control dynamics.