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 ....
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IRB Infrastructure Developers Ltd has informed the exchanges that promoter Smt. Sudha Dattatray Mhaiskar has created a pledge on 2,00,000 shares (0.003% of total share capital) in favour of Kotak Securities Limited on August 4, 2025. The pledge was created for personal borrowing of ₹10 crore, with the value of pledged shares standing at ₹90.80 lakh on the date of the event. Post this creation, total encumbered shares held by the promoter stand at 46,70,000 (0.077% of share capital), representing 55.48% of her individual promoter shareholding. The total promoter group shareholding in IRB remains at 1,83,70,55,980 shares (30.42% of total share capital).
This is a relatively small pledge creation (0.003% of total capital) by one promoter for personal borrowing. However, since the promoter already has over 55% of her individual holdings pledged, any further stress or invocation could become a concern for retail investors, though it does not impact overall promoter group holding of 30.42%.