Dharani Sugars & Chemicals Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
Dharani Sugars & Chemicals Limited has filed its annual promoter share encumbrance disclosure for the year ended 31 March 2026. The filing reveals that promoters and promoter group entities hold 20,436,006 shares representing 61.55% of total share capital. Of this, 11,032,168 shares (53.98% of promoter holdings) are pledged as encumbrances, all created in earlier years with no new pledges during FY26. Several promoter entities have 100% of their shareholding pledged, including Dharani Credit & Finance, Dr Palani G Periasamy, Visalakshi Periasamy, and Ananthi Developers Ltd. The pledged shares serve as collateral for loans taken by the promoter group.
High promoter pledge levels at 53.98% of holding pose elevated risk for shareholders — if share price falls sharply, lenders may invoke pledge clauses triggering forced selling pressure.