The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 14, 2026 for Jaspalsingh Prehladsingh Chandock
BALUFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Jaspalsingh Prehladsingh Chandock has created a pledge over 8,75,000 equity shares of Balu Forge Industries, representing 0.73% of the company's total share capital. The pledge is in favour of Aditya Birla Capital Limited, an NBFC, and was created on March 7, 2026. The purpose stated is to avail a financial facility. Pre-event, the promoter had 0% of shares encumbered, and post-event encumbrance stands at 0.73%. The promoter holds 6,04,59,024 shares in total.
This is a small pledge creation (less than 1% of capital) for raising a personal loan/financial facility, and is routine. It is unlikely to materially affect shareholder sentiment or the stock price, though large future pledges by the same promoter should be watched.