The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 13, 2025 for Smt. Sudha Dattatray Mhaiskar
IRB · price
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Smt. Sudha Dattatray Mhaiskar, a promoter of IRB Infrastructure Developers, has created a pledge on 75,000 shares (0.001% of total share capital) in favour of Kotak Securities Limited on August 4, 2025. The pledge was taken for personal borrowing purposes. After this pledge creation, the promoter group's total encumbered shares stand at 47,45,000 shares, which is 55.49% of the total promoter shareholding. The overall promoter holding in IRB is 1,83,70,55,980 shares, representing 30.42% of the company's total share capital. This disclosure has been filed under Regulation 31(1) and 31(2) of SEBI's SAST Regulations, 2011.
While this individual pledge is very small (just 75,000 shares), the disclosure highlights that the overall promoter pledge level remains elevated at over 55% of promoter holdings. High pledged promoter shares signal leverage and could be a concern if share prices fall sharply, as it raises the risk of forced selling.