The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on January 02, 2026 for Ande Srinivas Reddy
BALAMINES · price
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Balaji Amines promoter Ande Srinivas Reddy has created a pledge on 6,25,000 shares (about 1.93% of total share capital) in favour of HDFC Bank Limited on December 30, 2025. The pledge was given as security to avail credit facilities for the company's subsidiary, Balaji Speciality Chemicals Limited. The promoter continues to hold 11.29% (36,57,146 shares) in Balaji Amines, and this pledge does not change the ownership of shares. The disclosure was filed under SEBI's SAST Regulations on January 2, 2026.
This is a routine pledge creation by the promoter to raise funding for the subsidiary, not a change in ownership. The pledged amount is small relative to the promoter's holding, so the impact on shareholders is limited. However, investors should monitor any future pledge invocations or increases, which could signal financial stress.