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 June ....
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Premier Fiscal Services Pvt. Ltd., a promoter of Gennex Laboratories, has pledged 25,00,000 equity shares (1.029% of total share capital) in favour of M/s. Vidya Tradecon Pvt. Ltd. on June 9, 2026. The pledge was created to secure a temporary business loan of Rs. 1.25 crore, with the shares valued at Rs. 2.5 crore (security cover ratio of 2.0x). After this pledge, total encumbered shares of the promoter stand at 1,25,00,000 shares (5.145% of total share capital). The promoter currently holds 5,30,38,000 shares, representing 21.831% of Gennex Laboratories. The pledge is set to expire on December 7, 2026.
This is a routine pledge creation by the promoter to raise short-term business funding rather than a sign of distress. With only 5.145% of total share capital encumbered, the financial leverage risk for shareholders remains limited. Investors should monitor if more shares get pledged or if there are any signs of invocation.