Dharani Sugars & Chemicals Limited has informed the Exchange regarding 'Reg 31(4) of SEBI SASTA Mar 2026'.
Awaiting price reaction for this filing.
Dharani Sugars & Chemicals Limited has filed its annual promoter shareholding disclosure under SEBI regulations. The filing reveals that the promoter and promoter group collectively hold 20,436,006 shares representing 61.55% of the company's total capital. Of this, 11,032,168 shares (53.98% of promoter holdings) are pledged as collateral. Several promoter entities have 100% of their shares pledged, including Dharani Credit & Finance Pvt Ltd, Dr Palani G Periasamy, Visalakshi Periasamy, and Ananthi Developers Ltd. The company has declared that no new share encumbrances were created during FY2025-26 beyond pledges that existed in earlier years.
High promoter pledge ratios (particularly 100% pledges by key entities) indicate significant promoter leverage and potential risk of share sale pressure if loan defaults occur. Shareholders should monitor these pledge levels as they represent a potential overhang on the stock.