Promoter creates pledge on 1 crore shares for personal use
GRADIENTE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.6 pts more than Nifty Microcap 250 and 5.4 pts more than its Media & Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.
Mild negative signal. Pledge for personal use, not company benefit, but size is small at 3% of capital and 31% of promoter holding.