Announced Fri, 28 Nov · 10:45 IST

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 November ....

Pledge ReleasedPledge Above 50pctOwnership Changes View source PDF

IRB · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Smt. Sudha Dattatray Mhaiskar, part of the promoter group of IRB Infrastructure Developers, filed a disclosure on November 27, 2025 under SEBI SAST Regulations regarding release of encumbrance (pledge) on her shares held with Kotak Securities Ltd. On November 26, 2025, she released a total of 42,95,000 shares — consisting of 2,00,000 shares (0.003% of share capital) and 40,95,000 shares (0.67% of share capital). After this release, her personal encumbered holding dropped to 5,50,000 shares. The disclosure also reveals that the overall promoter group continues to have a heavy encumbrance, with 55.49% of promoter shareholding (30.42% of total share capital, worth 1,83,70,55,980 shares) still pledged.

Likely market impact

Positive signal for the stock as the promoter is freeing up pledged shares, reducing the risk of forced selling. However, the broader promoter group still has over half its stake pledged, which remains a key risk factor investors should monitor.