In Compliance with Regulation 31(1) of SEBI (SAST) REgulation,2011 Mr Aditya Chachan and others,Promoter and Promoter Group of the Company has disclosed details regarding creation of pledge ....
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Aditya Ispat Ltd has disclosed that its promoters and promoter group have pledged 13,01,100 equity shares (24.32% of total share capital) with Pillar Investment Company Limited (an NBFC) on February 12, 2026. This pledge represents 100% of the total promoter shareholding, covering shares held by Mr Aditya Chachan, Mrs Usha Chachan, Mr Anshuman Chachan, Satya Bhagwan Chachan (HUF), and Jai Bapji Ispat Private Limited. The loan amount involved is Rs 1.25 crore against shares valued at Rs 1.30 crore, giving an asset cover ratio of 1.04x. The borrowed amount will be used by the company to reduce its existing bank exposure, with repayment scheduled within one year.
While the funds will help the company reduce bank debt, pledging 100% of promoter holdings is a significant negative signal for retail investors, as it indicates the promoters have fully encumbered their stake as collateral, increasing risk if the company faces financial difficulty.