The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on May ....
BHARATWIRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter entity Gyanshankar Investment & Trading Co. Pvt. Ltd. has pledged an additional 37,485 equity shares (0.05% of total share capital) of Bharat Wire Ropes Ltd on May 27, 2025, in favour of IDBI Trusteeship Services Limited acting as security trustee for a consortium of lenders (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). With this addition, total pledged shares held by Gyanshankar stand at 1,44,35,581 shares, which is 51.00% of its own promoter shareholding and 21.05% of the company's total share capital. The pledge is to secure an existing debt of Rs. 250 Crores already taken by Bharat Wire Ropes Ltd, and no new borrowings have been availed against this pledge. Total promoter shareholding in the company stands at 41.27% (2,83,05,060 shares), with encumbered promoter shares crossing the 50% threshold of that group's own holding.
This is a routine additional pledge creation with no new debt being raised, indicating compliance with existing lender terms rather than fresh financial stress. However, with promoter-entity encumbrance now at 51% of its own holding and 21% of total share capital, shareholders should monitor for any further pledging or invocation risk.