Shapoorji Pallonji and Company Private Limited has submitted to the Exchange a copy of Disclosure under Regulation 31(1) of the Securities and Exchange Board of India ( SAST) Regulations, 2011.
AFCONS · price
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Shapoorji Pallonji and Company Private Limited, the promoter of Afcons Infrastructure, has created a new pledge on 4,44,46,470 equity shares (12.08% of total share capital) in favour of SBICAP Trustee and State Bank of India. The pledge was created on 25th June 2025 and reported on 27th June 2025. The purpose is to secure a Working Capital Facility availed by Shapoorji Pallonji. This is a re-pledge of shares already held by the promoter. The promoter's total holding in Afcons stands at 5,66,81,410 shares, representing 15.41% of the company's share capital.
The pledge increases the encumbrance on promoter shares, which is a mild negative signal as it indicates the promoter is leveraging its stake for borrowing. However, the move is for working capital purposes rather than distress, and the promoter retains control of the company.