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 of 2,500,000 equity shares (5.37% of total share capital) in favour of Badjate Stock Broking Pvt Ltd on 30 April 2026. The total security value is ₹21.50 crore with an amount involved of ₹5 crore, giving an asset cover ratio of 4.30:1. The pledged shares represent 8.31% of the promoter's total holding of 3,08,07,786 shares (64.58% of total capital). The encumbrance is for the personal use of the promoter and does not exceed the 50% threshold of promoter holding or the 20% threshold of total share capital.
The pledge is modest relative to promoter holding and total capital, with adequate asset cover. Unless leveraged for further acquisition, it is unlikely to directly impact the stock negatively.