Dhruva Capital Services Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Rachna Suman Shaw, a Promoter cum Director of Dhruva Capital Services, has pledged 5.40 lakh equity shares of the company with HDFC Bank Limited. These pledged shares represent 13.29% of the company’s total share capital and nearly 50% (49.98%) of her total promoter shareholding of 10.80 lakh shares. The promoter stated the funds obtained from this pledge are for personal use. This move could signal financial needs of the promoter and is often viewed by investors as a factor to watch, as pledged shares could be liquidated if loan obligations are not met.