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
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Balu Forge Industries Ltd informed the exchanges that its promoter, Mr. Jaspalsingh Prehladsingh Chandock, has pledged 8,75,000 equity shares (about 0.73% of total share capital) in favour of Aditya Birla Capital Limited, an NBFC. The pledge was created on 7th March 2026 to avail a financial facility, and the disclosure was made on 14th March 2026 under SEBI SAST Regulations. Before this pledge, the promoter had no shares encumbered; now 0.73% of the company's share capital stands pledged. The promoter's total holding in the company remains 6,04,59,024 equity shares.
The pledged quantity is small at just 0.73% of total share capital, so the immediate impact on the stock is likely limited. However, investors should monitor whether more shares are pledged in the future, as rising promoter pledging is generally viewed as a negative signal regarding financial stress.