Announced Tue, 8 Sept · 17:53 IST
Promoter pledges all 13.7 million shares, equal to 26.09 percent stake
Price
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Price reaction · full curve 14 horizons · vs prior close
+2.2%1-day move
₹6.73
prior close
₹6.51
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+5.2+5.2+4.0+4.0+2.2+1.2-2.7-0.1-0.7-2.8————
Up moveDown movePending
AI summary
On 8 September 2026, promoter Sunil Kumar Malik pledged all 13,700,000 shares he holds, equal to 26.09 percent of the company and 100 percent of his personal holding. The shares, valued at Rs 9.22 crore, were pledged to Share India Securities Ltd as security for a financial facility.
Likely market impact
The full pledge may raise financing risk and the possibility of a share sale if the loan is not repaid; ownership has not changed.