The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 16, 2026 for Jaspalsingh ....
BALUFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Jaspalsingh Prehladsingh Chandock has pledged 8,75,000 equity shares (0.73% of total share capital) of Balu Forge Industries in favour of Aditya Birla Capital Limited, an NBFC, on 7th March 2026. The purpose is to avail a financial facility of Rs. 14.82 crore for personal use by the promoter, with the pledged shares valued at Rs. 40.08 crore (a 2.7x cover). The encumbered shares represent just 1.45% of the promoter's total holding of 6,04,59,024 shares (50.52% stake in the company). This is a revised disclosure filed under SEBI's takeover regulations.
This is a relatively small pledge covering less than 1% of total share capital and only ~1.45% of the promoter's own holdings, so the direct impact on the stock is limited. Shareholders should monitor for any further encumbrances or signs of financial stress, as repeated pledging or invocation could signal liquidity concerns.