Promoter Anilkumar Virani pledges 23 lakh shares with Jio Credit
JYOTICNC · price
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On the reaction day the stock moved 2.7 pts more than Nifty Smallcap 250 and 3.0 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Anilkumar Bhikhabhai Virani created a pledge of 23,00,000 shares (1.01% of capital) with Jio Credit Limited on 22 June 2026 as security for a business loan. Post this, his encumbered holding rose to 2,42,52,000 shares (10.65% of capital), up from 9.64% earlier. His total holding stands at 14.45% of the company.
Pledging promoter shares for a business loan raises minor leverage risk, but the incremental pledge is small at about 1% of total capital.