The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on April ....
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Awaiting price reaction for this filing.
Promoter and CMD Ravi B. Goyal has disclosed that Bajaj Finance invoked pledges on 29,83,183 (about 29.83 lakh) of his equity shares between April 9 and April 17, 2025, which were originally pledged as collateral for personal borrowings. This invocation reduced his personal stake in the company from 14.26% to 11.94% of share capital. On the same day (April 17, 2025), he also created a fresh pledge of 3,00,000 shares in favor of KNAB Finance Advisors as additional collateral under an existing borrowing. After these events, 90.93% of his remaining shareholding remains encumbered, though encumbered shares still represent less than 20% of total company share capital. The security cover for the Bajaj Finance loan stands at just 0.88 times (shares worth ₹8.39 crore against a loan of roughly ₹9.5 crore), indicating the pledged shares are now worth less than the outstanding loan amount.
This is a significant negative signal for retail investors — a promoter losing nearly 2.3% of company shares through pledge invocation signals financial stress, and with over 90% of his remaining holding still pledged, there is risk of further invocation or dilution. The stock may face pressure due to concerns over promoter financial health and possible future block sales by Bajaj Finance to recover dues.