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 February ....
FISCHER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.4 pts more than Nifty Microcap 250 and 3.5 pts more than its Medical Equipment & Supplies peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Promoter Shankar Varadharajan has created a fresh pledge of 3,00,00,000 equity shares (4.63% of total share capital) of Fischer Medical Ventures in favour of HDFC Bank on February 5, 2026. The pledged shares represent 43.48% of the promoter's individual holding in the company. The pledge has been created as collateral for a Rs 40 crore loan, with the underlying shares valued at Rs 109.59 crore, giving a healthy 2.74x security cover. The loan proceeds are intended to meet the working capital requirements of a wholly-owned subsidiary of the group. The promoter currently holds 6,90,01,530 shares, or 10.64% of the company's total share capital, and this is a new creation of pledge, not an invocation or release.
The promoter is leveraging his personal shareholding to fund working capital needs of a group subsidiary, which is a routine funding move but increases the proportion of pledged shares to 43.48% of his holding. With a strong 2.74x security cover, immediate risks appear limited, but shareholders should watch for any further pledging or margin-related concerns.