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 April ....
IRB · price
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Promoter Smt. Sudha Dattatray Mhaiskar has created a pledge of 6,75,000 shares (0.011% of total share capital) of IRB Infrastructure Developers Ltd in favour of Kotak Securities Limited on March 27, 2025. The pledge is for a personal borrowing of INR 10 crore, with the shares valued at about INR 3.11 crore on the date of pledge creation. Post this pledge, the promoter's total encumbered shares stand at 41,45,000 (0.069% of total share capital), which is 30.42% of her individual shareholding. The end use of the borrowed money is stated as security cover/asset cover. The promoter's overall holding in IRB remains at 55.49% of total share capital.
This is a routine disclosure of a relatively small pledge creation by a promoter for personal borrowing. The pledged shares represent only 0.011% of total share capital and 30.42% of the individual promoter's holding, so it does not materially change the promoter's control position. Shareholders should monitor for any future invocation or release of these pledges.