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 Prathap Reddy
BALAMINES · price
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Promoter Ande Prathap Reddy has created a pledge on 8,75,000 shares of Balaji Amines Limited, which represents 2.70% of the company's total share capital. The shares have been pledged to HDFC Bank Limited as security for availing credit facilities, with the encumbrance dated 30 December 2025. Ande Prathap Reddy's promoter holding in the company stands at 49,69,709 shares, or 15.34% of share capital, with Speciality Chemicals Limited identified as a person acting in concert (PAC).
The pledge creation signals that the promoter is raising funds against his shareholding, which is a routine financing activity but adds a layer of risk if share prices fall and margin calls are triggered. For retail investors, this is a moderate watch-item since only 2.70% of share capital is encumbered and the promoter's overall stake remains intact.