Promoter group creates indirect encumbrance on 47% GTBL shares

Promoter pledge above 50%Pledge releasedOwnership Changes View source PDF Explain this filing

GUJTHEM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.2%Reaction day

₹366.55

prior close

₹363.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.2%-3.1% vs market

Pharmaceuticals peers, median of 165sector-1.6%-2.7% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 2.7 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.0

10m

-1.2

15m

-1.8

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.2-1.2-3.1-1.6-2.7

Next day

-2.0-1.9-0.1-2.5+0.4

-1.7-1.4-0.2-2.5+0.8

-0.7-0.1-0.6-1.4+0.7

-3.1-1.4-1.7-2.4-0.7

-2.6-1.0-1.6-1.7-0.8

-2.2-0.4-1.7-1.9-0.2

15d

-4.0+3.2-7.1-0.3-3.7

+12.3+4.4+7.9-1.1+13.4

+12.7+4.6+8.1+0.8+11.8

-4.9-3.6-1.4-6.6+1.6

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 165Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

PBGIL, a promoter entity, disclosed indirect encumbrance on 5,12,40,000 GTBL shares (47.02% of capital). VIPL pledged PBGIL shares and gave a non-disposal undertaking to CTL Trusteeship for Kotak Credit Opportunities Fund Trust, for Rs. 135 crore meant for personal use by promoters. Separately, a direct pledge on 25,45,000 GTBL shares (2.33%) was released on July 8, 2026. About 66% of promoter shareholding is now encumbered.

Likely market impact

Large indirect pledge by promoter group raises concern; 66.36% of promoter holding encumbered, increasing risk if loan defaults.