This is with reference to your email dated 2nd Apr, 2025 , we would like to inform you that the aforementioned pledge was created with IDBI Bank Ltd., Chapal Road, Nampally, Hyderabad and ....
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Awaiting price reaction for this filing.
GTN Industries has informed BSE that a pledge of promoter shares, which was created with IDBI Bank (Nampally, Hyderabad branch), has been fully released following repayment of the underlying loan. After the release, ownership and full control of the pledged shares revert to the original shareholder with no remaining encumbrance. The disclosure is made under Regulation 31(1) and 31(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The company's scrip code on BSE is 500170.
This is a positive development for shareholders — it signals that the promoter group has cleared its debt obligation backed by company shares, reducing financial risk on promoter holdings and removing any near-term threat of forced sale. Share price impact is typically mild-to-positive, as pledge releases generally improve promoter credibility.