Promoter GMR Business & Consultancy LLP pledges 3.27% of total shares
GMRP&UI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.3 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GMR Business and Consultancy LLP (promoter) has created a pledge of 25,51,35,160 shares (3.27% of total share capital) on 11-Jun-2026 in favour of VISTRA ITCL (India) Ltd as debenture trustee for GMR Estate Management Pvt Ltd. Encumbered shares now stand at 72.13% of promoter shareholding, crossing the 50% threshold. The pledge backs secured, unrated, unlisted, redeemable, non-convertible debentures worth ₹269.35 crore. Stated purpose: personal use by promoters and PACs. Promoter overall holding is 46.28% of total share capital.
High pledge ratio (72% of promoter holding) signals significant leverage; raises concern as encumbrance is above 50% promoter threshold and used for personal purposes.