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 September ....
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Promoter GMR Enterprises Private Limited has disclosed creation of a pledge on 95 lakh shares (1.33% of total share capital) of GMR Power and Urban Infra Ltd in favour of NBFC Arka Fincap Limited on September 17, 2025. The shares are valued at ₹263.32 crore against an amount of ₹100 crore (a security cover ratio of 2.63x). This disclosure is net of releases between September 11–18, 2025 and represents an existing facility being re-pledged. The encumbered shares now stand at 50.56% of promoter shareholding, crossing the 50% threshold, and also exceed 20% of total share capital. Proceeds are marked for personal use by the promoters and PACs.
Total encumbrance has crossed 50% of promoter holding and 20% of total share capital, which is a significant disclosure threshold and indicates a high pledging level that investors should monitor closely. The 2.63x security cover and pledge to an existing NBFC facility suggest the promoter is maintaining existing financing rather than raising fresh debt, which limits near-term concern but flags ongoing leverage.