Announced Tue, 13 Oct, 2026 · 17:56 IST
Promoter pledges 65.65% of total shares in Hindustan Appliances
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Mehul Jadavji Shah, promoter of Hindustan Appliances, has created a pledge over 65,82,000 equity shares, equal to 65.65% of total paid-up share capital. The encumbrance was made on 8 October 2026 and reported to BSE on 13 October 2026 under SEBI SAST Regulations 31(1) and 31(2).
Likely market impact
Promoter pledge of 65.65% signals financial stress and risk of forced share sale if margin shortfall occurs.