The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 28, 2025 for Hariaksh Industries Pvt Ltd
JAIBALAJI · price
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Hariaksh Industries Private Limited, part of the promoter group of Jai Balaji Industries, has created a pledge on 1.70 crore equity shares (1.86% of total share capital) in favour of Tata Capital Limited. The pledge, dated October 27, 2025, was created as collateral security for a loan taken by a third party. Prior to this, Hariaksh Industries had no encumbered shares, so its post-event encumbered holding stands at 1.70 crore shares (1.86%). The disclosure was filed under Regulation 31(1) of SEBI (SAST) Regulations, 2011 on October 28, 2025. The filing also lists the encumbrance status of other promoter group entities and individuals for reference.
This is a fresh pledge by one promoter entity, not a release or invocation, and is being used as collateral for a third-party loan rather than the company's own borrowing. Shareholders may view this as a mild negative signal since pledging promoter shares increases the risk of forced sale if the loan is not repaid, but the pledged portion is relatively small at 1.86%.