Promoter releases pledge on 30% of Keerthi shares with Axis Bank
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.9 pts more than its Cement & Cement 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 and MD Seshagiri Rao Jasti released a pledge of 24,05,021 equity shares, equal to 30 percent of paid-up capital, held with Axis Bank Limited on August 10, 2026. The shares were earlier given as collateral for a bank credit facility. After the release, the promoter continues to hold 30,81,559 shares (38.44 percent) in the company, now fully free of any encumbrance.
Positive signal: 30 percent of company shares freed from pledge, suggesting loan repayment or stronger finances. Lowers risk of any forced share sale by the promoter.