Announcement Under Regulation 30 Of SEBI (LODR), Regulations, 2015 - Release Of Shares Pledged In Favour Of SBICAP Trustee Company Limited (As Pledgee)
INDIANHUME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IHP Finvest Limited, the promoter group holding company of Indian Hume Pipe Company, released a pledge on 1,16,94,995 equity shares (22.20% of total share capital) on 24th March 2026. The shares were previously pledged with SBICAP Trustee Company Limited as collateral security for working capital facilities advanced to Indian Hume Pipe by a consortium of banks led by SBI, along with Bank of Baroda, HDFC Bank, Union Bank, ICICI Bank, and Axis Bank. The pledge was released after Indian Hume Pipe satisfied all lender requirements. Post-release, IHP Finvest holds 3,56,04,145 shares (67.58% of the company) with zero pledged shares outstanding. The value of the released pledged shares is approximately Rs. 448.65 crores (Rs. 448,64,92,270).
This is a positive development for shareholders — it shows the company has met its debt obligations and cleared all encumbrances on promoter-held shares, eliminating any risk of forced share sale by lenders. Removal of the 22.20% pledged overhang may improve investor confidence and is generally viewed as a sign of healthier financial standing.