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 July ....
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Promoter Asha Gupta has pledged 29,10,000 equity shares (19.33% of total share capital) of AVG Logistics Limited on July 22, 2025. The pledge is in favor of Shine Star Build Cap Pvt Ltd, taken as collateral against a proposed Rs. 20 crore term loan to the company. Asha Gupta holds 29,10,000 shares total (36.41% of share capital), meaning the encumbered shares amount to 36.81% of her promoter holding. The loan proceeds will be used for the company's working capital and capex requirements, with repayment scheduled within 15 months. The security cover ratio is 4.15 times — shares valued at Rs. 82.91 crore against the Rs. 20 crore loan.
This is a pledge creation (not invocation or release), and the encumbrance covers 36.81% of promoter holdings — below the 50% threshold. Shareholders should note the promoter is pledging personal shares to back company borrowing, which signals skin-in-the-game support but also introduces pledged-share risk if the company faces stress.