High Ground Productions has informed that the company has created a pledge of 50,00,000 shares in favor of Astitva Capital Market under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for creation of pledge of 50,00,000 Equity Shares in favor of as a collateral security for the loans/ other financial facilities obtained by the company. Further, the detail of the encumbrance is mentioned in the disclosure enclosed herewith. The above pledge of shares is held by the company in the capacity of Promoter/Promoter Group of the target company (High Ground Enterprises).
The above information is a part of company’s filings submitted to BSE.
