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 July ....
GMRP&UI · price
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On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.3 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, which holds 50.54% of GMR Power and Urban Infra Ltd, has created a new pledge of 13,500,000 shares (1.56% of total share capital) on 11-Jul-2025 in favour of Axis Finance Limited (an NBFC). The pledged shares are valued at approximately ₹155.64 crore against a loan amount of ₹100 crore, giving a security cover ratio of 1.89x. The reason cited for the borrowing is personal use by promoters and PACs. Notably, total encumbered promoter shares now stand at 75.42% of promoter shareholding and exceed 20% of total share capital, which triggers this mandatory disclosure.
Shareholders should note that an already heavily pledged promoter holding (over 75% of promoter's stake) has been further encumbered. While the new pledge is modest (1.56% of capital), it signals continued financial leveraging by the promoter group, which could heighten concerns if share prices decline sharply.