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 July ....
KPIL · price
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K C Holdings Private Limited, a promoter of Kalpataru Projects International Ltd (KPIL), has created a new pledge over 14,81,425 equity shares (about 0.87% of total share capital) on 17 July 2025. The pledge is in favour of Aditya Birla Capital Ltd against a Rs. 75 crore facility availed by Kalpataru Properties (Thane) Private Limited for general corporate purposes. Total promoter shareholding in KPIL stands at 5,72,43,787 shares (33.52% of total share capital), with the net encumbered portion at 24.59% of promoter holding. The disclosure confirms encumbered shares are NOT 50% or more of promoter shareholding (only 8.24%) and NOT 20% or more of total share capital.
This is a routine promoter-level pledge creation to raise debt for a group entity, not a direct borrowing by the listed company. The pledge level remains well below the 50% threshold of promoter holding, so there is no immediate governance red flag, though investors should monitor if further pledges are created or if any get invoked.