Announced Tue, 7 Apr · 10:56 IST
Promoter Patodia Properties creates new pledge of 2.6 lakh shares as loan collateral
CHOICEIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.6%1-day move
₹642.00
prior close
₹640.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.4-0.2+0.2+5.6+6.5+9.2+8.1+12.0+12.8+3.3+7.3+0.7+21.8
Up moveDown movePending
AI summary
Choice International promoter Patodia Properties Private Limited has created a new pledge of 2,60,000 shares (0.12% of total share capital) on March 30, 2026, as collateral for personal loans. 2,50,000 shares were pledged with Aditya Birla Finance Limited and 10,000 with SMFG India Credit. Post-pledge, 77.8 lakh shares (91.85% of the promoter's own holding) are encumbered. The borrowed amount is for the promoter's personal use, not for the listed company's benefit.
Likely market impact
Small additional pledge of 0.12% capital raises promoter's encumbered holding to ~92% of their stake, signaling personal leverage build-up.