Promoter Anilkumar Virani releases pledge on 19 lakh shares
JYOTICNC · price
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On the reaction day the stock moved 6.0 pts more than Nifty Smallcap 250 and 7.0 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 of Jyoti CNC Automation released a pledge on 19,00,000 shares (0.84 percent of capital) on Sept 16, 2026. The shares were earlier pledged with HDFC Bank as security for a business loan. After release, his encumbered holding stands at 1,52,40,000 shares, equal to 6.70 percent of total share capital.
Positive for shareholders as pledge burden falls, lowering forced-sale risk. Encumbered promoter stake drops to 6.70 percent.