Announced Mon, 6 Jul · 17:00 IST
Promoter creates pledge on 1 crore shares for personal use
Ownership Changes View source PDF
GRADIENTE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+9.2%1-day move
₹3.26
prior close
₹3.42
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+9.2+10.1+10.4+13.5+14.7+5.5————
Up moveDown movePending
AI summary
Promoter Vimal Raj Mathur has pledged 1 crore shares (3.008% of total capital, 31.30% of his promoter holding) with Orbit Global Softsol Private Limited, an IT firm. Pledged shares are valued at Rs. 2.76 crore against borrowing of Rs. 1 crore (coverage 2.76 times). End use of funds is personal use by promoters, not for the benefit of the company. The pledge remains below 50% of promoter holding and below 20% of total share capital.
Likely market impact
Mild negative signal. Pledge for personal use, not company benefit, but size is small at 3% of capital and 31% of promoter holding.