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 May ....
KPIL · price
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Kalpataru Constructions Pvt Ltd, a promoter entity of Kalpataru Projects International Ltd (KPIL), disclosed the creation of pledge over 10,82,172 equity shares (0.63% of total share capital) and release of pledge over 16,96,493 equity shares. The new pledge (dated 30 April 2025) is against a Rs 100 crore facility from Bajaj Finance Limited to Kalpataru Properties (Thane) Pvt Ltd. Promoters collectively hold 58.11% (KC Holdings 33.52% + Kalpataru Constructions 24.59%) in KPIL, with net encumbered shares representing 8.24% of promoter holdings. Several existing facilities with NBFCs like STCI Finance, 360 One Prime, and Tata Capital Financial Services have been partially or fully repaid, leading to the release of pledged shares.
Net effect is a reduction in pledged shares by around 6.14 lakh shares, which is mildly positive as it reduces encumbrance on promoter holdings. However, a fresh Rs 100 crore pledge was created, indicating ongoing borrowing needs of group entities, which warrants monitoring for any signs of financial stress.