Promoter Dinesh Pareekh pledges 680,000 shares, total promoter encumbrance hits 26.71 percent
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Promoter Dinesh Pareekh has pledged 680,000 equity shares (3.02 percent of capital) on September 8, 2026 with Share India Securities for personal use. Sangeeta Pareekh pledged 17,90,400 shares (7.94 percent) and BLP Equity Research pledged 35,53,600 shares (15.76 percent) for personal and business purposes. Combined promoter encumbrance is 26.71 percent of total share capital, or 36.24 percent of promoter holding. Entire holdings of both individual promoters are now fully pledged. Total encumbrance crosses the 20 percent of total share capital disclosure threshold.
100 percent of individual promoter stakes are now pledged for personal loans, which may raise governance concerns. Encumbrance is below 50 percent of promoter holding.