Please find attached the disclosure under Reg 31(1) of the SEBI (SAST) Regulations 2011 on creation of pledge on the sharers of the promoters
BCPL · price
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BCPL Railway Infrastructure informed BSE on April 12, 2025 (event date: March 31, 2025) about the creation of a new pledge on promoter shares. Bank of India is the lender in whose favour shares have been encumbered. The pledge was created as collateral for credit facilities availed by the company's subsidiary, BCL Bio Energy Pvt Ltd. A total of about 4,50,260 new shares (~2.97% of share capital) have been pledged, with major contributions from Managing Director Jayanta Kumar Ghosh and promoter Uday Narayan Singh. Total promoter holding in the company stands at 72.87%, of which 2.97% is now encumbered as of the reporting date.
Since the pledged portion is small (~2.97% of total capital), this disclosure is unlikely to materially affect the stock price. However, investors should keep watch on whether these pledges are invoked or released in future, as that could trigger forced selling and impact share price.