Promoter Chemikas LLP pledges 89 lakh shares, releases 59.3 lakh shares
ACI · price
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On the reaction day the stock moved in line with Nifty Microcap 250 and 0.2 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Chemikas Speciality LLP, a promoter of Archean Chemical Industries holding 30.53% stake, reported encumbrance changes. Created new pledges of 89 lakh shares (7.21%) as collateral with Aditya Birla Capital and JM Financial Credit Solutions. Released 59.3 lakh shares (4.79%) pledged with Bajaj Finance and Aditya Birla Capital after loan repayment. Net pledged shares rose to 1.53 crore shares or 12.41% of capital.
Net pledged shares rose from 9.99% to 12.41%. Promoter borrowing against shares increased while some loans were repaid. Monitor for pledge invocation risk.