The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on August ....
IRB · price
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On August 4, 2025, Smt. Sudha Dattatray Mhaiskar, a promoter of IRB Infrastructure Developers, created a pledge on 75,000 shares in favour of Kotak Securities Limited. The pledged shares represent 0.001% of the company's total share capital. The reason cited is personal borrowing of ₹10 crore, with the pledged shares serving as security/asset cover, valued at approximately ₹34.05 lakh on the date of the event. This is a fresh creation of encumbrance, not a release or invocation. The total promoter group holding is around 18.37 crore shares, and existing encumbrance already stands at 55.49% of promoter shareholding, which is a high level.
Although the new pledge is tiny in size, the overall promoter pledge remains elevated at over 55% of promoter holdings (about 30% of total share capital), which is a yellow flag. High pledge ratios can worry investors because sharp falls in share price could trigger margin calls or forced sales.