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 May ....
GMRP&UI · price
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On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.4 pts more 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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Promoter GMR Enterprises Private Limited has created a pledge (encumbrance) on 55,00,000 shares of GMR Power and Urban Infra Ltd on May 9, 2025, in favour of NBFC Venus India Asset Finance Pvt. Ltd. The shares are worth around ₹59.74 crore against a loan amount of ₹25 crore. The encumbered shares represent 0.77% of total share capital but a sizeable 75.15% of the promoter's own shareholding. Promoters hold 50.54% of the company (361.29 crore shares). The reason cited is personal use by promoters and PACs. The disclosure notes that the figures are net of releases on May 12, 2025.
This signals increased financial leverage by the promoter, with over 75% of their holdings now pledged. While the pledged amount is a small slice of total company capital, the high pledge-to-holding ratio raises concerns about promoter financial health and could weigh on stock sentiment if further pledges or margin issues arise.