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 September ....
IRB · price
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Promoter Smt. Sudha Dattatray Mhaiskar has created a pledge on 2,00,000 shares (0.003% of total share capital) of IRB Infrastructure Developers Ltd in favour of Kotak Securities Limited on August 29, 2025. The pledge is against a personal borrowing of Rs. 10 crore, with the pledged shares valued at Rs. 86 lakh (a cover ratio of 0.09x). The total promoter shareholding in IRB stands at 18.37 crore shares, representing 55.50% of total share capital. Cumulative encumbered shares as a percentage of promoter shareholding are reported at 30.42%. The end use of borrowed money is stated as security/cover.
While this specific pledge is tiny (0.003% of capital), the cumulative encumbrance level of 30.42% of promoter holdings is noteworthy and may concern investors monitoring promoter leverage. Promoter shareholding remains comfortably above 50%, so no takeover-related threshold is breached.