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 August ....
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Promoter entity Anbee Constructions LLP released a pledge of 21,16,180 equity shares (0.97% of total share capital) on 26 August 2025. The release was effected by IDBI Trusteeship Services Limited (Security Trustee for HDFC Bank Limited) as collateral for a facility availed from HDFC Bank. On 29 August 2025, the same promoter created a fresh pledge of the identical 21,16,180 shares (0.97%) with Aditya Birla Capital Limited (an NBFC) as collateral security for a ₹450 crore facility. The pledged shares carry a security cover value of approximately ₹215.36 crore based on the NSE closing price of ₹1,017.70 on 28 August 2025. The facility is for Stargaze Properties Private Limited (Borrower) and K Raheja Corp Private Limited (Co-Borrower), both K Raheja Corp Group Companies. Total promoter shareholding stands at 67.34% (14,72,62,680 shares), with encumbered shares at 31.93% of promoter holding.
This is essentially a substitution of pledge from HDFC Bank to Aditya Birla Capital — the number of encumbered shares and overall promoter control remain unchanged, so no impact on shareholding or voting power. Promoter encumbrance at 31.93% of their holding stays well below the 50% threshold and is not a cause for concern.