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 Gaddam Hemanth Reddy
BALAMINES · price
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.0 pts less 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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Promoter Gaddam Hemanth Reddy has pledged 3,75,000 shares (1.16% of total share capital) of Balaji Amines in favour of HDFC Bank Limited. The pledge was created on 30/12/2025 and reported on 02/01/2026. The shares were pledged as security to avail credit facilities, which will be used for the principal business activities of Balaji Speciality Chemicals Limited, a subsidiary company. Before this event, the promoter held 8,17,746 shares (2.52% of the company) with no existing encumbrance.
This is a routine promoter pledge creation of a relatively small stake (1.16%) to raise funds for the subsidiary's business. Shareholders should monitor total promoter pledges across the promoter group, as rising pledged shares can be a risk indicator if business conditions deteriorate.