Plutus Wealth Management LLP reported an existing encumbrance on shares of Nazara Technologies Limited, as per Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure, dated July 8, 2025, includes details of share encumbrances by both Plutus Wealth Management LLP and Arpit Khandelwal, who is considered a Person Acting in Concert (PAC).
Details of Encumbrance
Promoter/PAC
Holding Pre-Event (No. of Shares)
Holding Pre-Event (% of Total Share Capital)
Shares Encumbered
Holding Post-Event (No. of Shares)
Holding Post-Event (% of Total Share Capital)
Plutus Wealth Management LLP
1,01,07,580
10.91%
1,01,07,580
1,01,07,580
10.91%
Arpit Khandelwal (PAC)
66,92,420
7.23%
66,92,420
66,92,420
7.23%
Details of Encumbrance
Plutus Wealth Management LLP has 1,01,07,580 shares encumbered, representing 10.91% of the total share capital. Similarly, Arpit Khandelwal, a PAC, has 66,92,420 shares encumbered, which also accounts for 7.23% of the total share capital. The type of encumbrance is not specified in the disclosure.
Promoter and PAC Shareholding
As of the reporting date, Plutus Wealth Management LLP holds 1,01,07,580 shares, equivalent to 10.91% of the total share capital. Arpit Khandelwal holds 66,92,420 shares, representing 7.23% of the total share capital. The disclosure clarifies that these encumbrances were existing when the acquirer and deemed PAC became part of the promoter group, following the completion of an open offer.
Regulatory Compliance
This disclosure is in compliance with Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The report includes the names of the stock exchanges where Nazara Technologies Limited is listed, namely NSE and BSE.
About Plutus Wealth Management LLP
Plutus Wealth Management LLP is a Limited Liability Partnership with LLP Identification Number AAI-1247. The designated partner is Ramesh Siyani (DIN: 01054982). The correspondence address includes locations in Mumbai and Ahmedabad.
