Bloom Industries to hold EGM and pledge assets for Shivom debentures
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On 4 November 2026, the board approved an extraordinary general meeting for 30 November 2026 at 12:30 p.m., held by video conference, to seek shareholder approval for corporate actions. S.K. Jain and Co. will scrutinize the voting. The board also approved pledging 9.40% of Bloom's shares in promoter-group firm Shivom Minerals and other assets, securing up to 11,300 non-convertible debentures of Rs 100,000 each, totalling Rs 113 crore.
The pledge ties up assets and adds lender protection. Bloom says revenue is not materially affected, with risk limited to the pledged value.