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 ....
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Smt. Sudha Dattatray Mhaiskar, a promoter of IRB Infrastructure Developers Ltd, has created a fresh pledge on 1,00,000 shares (0.002% of total share capital) in favour of Kotak Securities Limited on August 29, 2025. The reason stated is personal borrowing. After this creation, her total encumbered shares rise to 48,45,000 (0.080% of share capital). Promoter holding in the company stands at 50,59,080 shares. Notably, encumbered shares now make up 55.49% of this individual promoter's own shareholding in the company.
The pledge size is tiny relative to total share capital so there is no immediate dilution or stock-price impact. However, with over 55% of this promoter's personal holding now pledged, it signals rising leverage or financial commitments at the promoter level, which retail investors should monitor.