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 January ....
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Promoter Mr. Dundurapu Ram Reddy has created a pledge on 6,25,000 shares of Balaji Amines Limited with HDFC Bank Limited, dated December 30, 2025. This pledge covers 88.64% of his total promoter shareholding of 7,05,124 shares (2.18% of total share capital). The pledged shares are valued at approximately ₹75 crore, against a loan amount of ₹250 crore (asset cover ratio of 0.30). The borrowed funds are being used by Balaji Speciality Chemicals Limited, the company's subsidiary, for its principal business activities. This is a fresh creation of encumbrance, not a release or invocation.
The pledge is on behalf of the company's subsidiary for business purposes, not personal use, which is a relatively benign reason for pledging shares. However, with 88.64% of the promoter's personal holding now pledged, any sharp fall in the share price could trigger margin calls, posing a risk to promoter shareholding stability.