The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 30, 2025 for Gyanshankar Investment ....
BHARATWIRE · price
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On the reaction day the stock moved 5.5 pts more than Nifty Microcap 250 and 5.6 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter entity Gyanshankar Investment & Trading Co. Pvt. Ltd. has created a pledge on an additional 37,485 equity shares (about 0.05% of total share capital) of Bharat Wire Ropes Ltd in favor of IDBI Trusteeship Services Limited on 27 May 2025. The pledge is to secure the existing Rs. 250 crore loan taken by the company from a consortium of banks (Bank of Baroda, Union Bank of India, Central Bank of India, State Bank of India, EXIM Bank of India, and Union Bank of India UK Ltd). No additional borrowings have been raised against this pledge. Post this pledge, total encumbered shares stand at 1,44,35,581, which is 21.05% of total share capital and 51.00% of the promoter entity's own shareholding. Total promoter shareholding in the company stands at 41.27%.
This is a routine addition to an existing pledge securing the company's debt — no new borrowing has been raised. However, more than half of the promoter entity's shares are now pledged, which signals elevated leverage concentration and limited free float of promoter shares, something retail investors should track closely.