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MOS Utility (#MOS) promoter Mr. Kurjibhai Ruparelia had 3 Cr shares (11.65% of total capital) invoked by Ashok Investors Trust. This occurred because the MOS share price dropped below the agreed-upon security cover in a pledge agreement.
**Possible Impact:** Mr. Ruparelia's individual holding decreased from 31.86% to 20.21%. Invocation of pledged shares can signal promoter liquidity concerns or significant stock price weakness, often creating negative market sentiment.
**Company's Stance:** MOS Utility states there is no change in the company's control, management, or operations. #StockMarket #InvestorUpdate