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 ....
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K C Holdings Private Limited, a promoter-group entity of Kalpataru Projects International Ltd, created a fresh pledge on 10,82,172 equity shares (Encumbrance 19, dated 30 April 2025) against a Rs. 100 crore facility availed by Kalpataru Properties (Thane) Pvt Ltd from Bajaj Finance Ltd. At the same time, it released pledge on 4,67,852 shares after two loans from 360 One Prime Ltd (formerly IIFL Wealth) totaling Rs. 75 crores were fully repaid. Total promoter shareholding stands at 5,72,43,787 shares (33.52% of total share capital), and the net pledged portion is 24.59% of promoter holding — below the 50% threshold. Most of the pledged shares are with NBFCs (Tata Capital, Infina Finance, Bajaj Finance, Aditya Birla Finance, etc.) for general corporate purposes, refinancing, and group-entity loans.
Net encumbrance increased by about 6.14 lakh shares as fresh borrowing outweighed the releases, but the promoter remains comfortably below the 50% encumbrance trigger. Shareholders should note that the promoter group continues to pledge shares aggressively to fund group-entity loans and refinancing, which is a mild negative signal if it escalates further.