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 ....
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JMD Ventures Ltd submitted revised SAST disclosures on April 8, 2025 for two dates – December 6 and December 13, 2024 – regarding encumbrance on promoter Kailash Prasad Purohit's shares. The original pledge of 50,00,000 shares (17.33% of total share capital) was created on April 25, 2014 in favour of Nouveau Global Ventures Ltd for a personal loan of ₹50 lakh, against a share value of ₹92.50 lakh (security cover ratio of 0.54x). The December filings show release events of this pledge, with post-event encumbrance being redistributed between Nouveau Global Ventures Ltd (15,50,000 shares / 5.37%) and JMD Medico Services Ltd (34,50,000 shares / 11.95%). By December 13, the promoter's own holding was shown as 34,50,000 shares (11.95%), indicating some shares moved out of the promoter's name. The filing confirms encumbered shares are below 50% of promoter holding and below 20% of total share capital.
This is a belated, revised disclosure with no material change in overall encumbrance levels – the pledge remains at 17.33% of share capital, well below the 50% promoter or 20% total-share-capital thresholds. Shareholders should note the promoter's stake is already low (11.95–17.33%), so control risk is limited, but the late filing and the shift of shares between related entities may attract regulatory scrutiny.