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 ....
DBEIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Mr. Deepak Kumar Singal has created a pledge on 25,00,000 equity shares (5.37% of total share capital) in favour of Badjate Stock Broking Pvt Ltd on 30th April 2026. This pledge represents 8.31% of the promoter's total holding of 64.58% (3,00,80,786 shares). The shares are valued at ₹21.49 crore with a cover/asset ratio of 4.30:1 against a borrowed amount of ₹5 crore, which is stated to be for personal use by the promoter. The encumbrance does not cross the 50% threshold of promoter holding nor the 20% threshold of total share capital.
This is a routine pledge creation for personal borrowings with adequate collateral cover. The stake remains well below regulatory thresholds, so no immediate concern for minority shareholders, but watchers should monitor if further pledges accumulate over time.