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 July ....
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On June 30, 2025, IRB Infrastructure Developers disclosed that promoter Smt. Sudha Dattatray Mhaiskar created a fresh pledge of 3,25,000 shares (0.074% of total share capital) in favour of Kotak Securities Limited for personal borrowing of ₹10 crore. Post this creation, total promoter shares encumbered stand at 44,70,000 shares. Total promoter group shareholding in the company is 1,83,70,55,980 shares (30.42% of total share capital). The encumbrance ratio indicated in the disclosure is 55.47%, suggesting that a significant portion of promoter-held shares are already pledged. The security cover value disclosed is ₹1,61,36,250.
The new pledge itself is small at 0.074% of total share capital, so immediate stock impact is limited. However, the 55.47% encumbrance ratio indicates promoter shares are already substantially pledged, which investors should monitor as higher pledge levels can increase risk if share prices decline or loans are recalled.