BSEInsider Trading / SAST4 Aug 2026 · 4 Aug 2026, 10:39 am

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 03, 2026 for Akhil Mittal & Mrs. ....

Raama Finance Ltd · 538540

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Raama Finance Ltd received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding the creation of encumbrance by promoters Akhil Mittal and Pratika Sharma. The encumbrance was created on July 31, 2026, for a term loan taken from Mufin Green Finance. The promoters pledged 39,06,250 shares each, representing 4.81% of the total share capital.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10

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Raama Finance Ltd - 538540 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.

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Format for disclosure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares / invocation of encumbrance/ release of encumbrance, in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Raama Finance Limited (Formerly known as Ramchandra Leasing and Finance Limited) Name of the Target Company (TC) Bombay Stock Exchange Names of the Stock Exchanges where the shares of the target company are listed 03.08.2026 Date of reporting Mr. Akhil Mittal (Promoter) Name of the promoter or PAC on whose shares encumbrance has been Mrs. Pratika Sharma (Promoter) created/released/invoked Details of the creation/invocation/release of encumbrance: Creation of encumbrance Name of Promoter holding in the target Promoter Details of events pertaining to encumbrance (3) Post event holding of the company (1) holding already encumbered shares {creation promoter encumbered (2) [(2)+(3)] / (s) or release [(2)-(3)] / invocation with him(**) No. of % of % w.r.t No. of % of Type of Date of Type of No. of % of total Reason for Name of the entity in No. of % of total shares total diluted shares total event creation/ encumbranc shares share Creation of whose favor shares shares share share share share (creation invocation e (pledge/ capital Pledge or Reason encumber capital capital capital(* capital / release / release of lien/ non for Release or ed ) invocatio encumbran disposal Invoke of shares* n) ce undertaking/ others) Mr. 2,22,89,981 27.46% 15.26% NIL NIL Creation 31.07.2026 Pledge 39,06,250 4,81 Term loan taken Mufin Green Finance 39,06,250 4.81 Akhil by Target Limited Mittal Company Mrs. 2,22,89,982 27.46% 11.42% NIL NIL Creation 31.07.2026 Pledge 39, 06,250 4.81 Term loan taken Mufin Green Finance 39,06,250 4.81 Pratika by Target Limited Sharma Company For AKHIL MITTAL For PRATIKA SHARMA Place: Delhi Place: Delhi Date: 03.08.2026 Date:03.08.2026 (**) The names of all the promoters, their shareholding in the target company and their pledged shareholding as on the reporting date should appear in the table irrespective of whether they are reporting on the date of event or not. (*) Total share capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement. Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC. ******