Promoter creates pledge over 350,000 shares
MCLOUD · price
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On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 0.6 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Joseph Sudheer Reddy Thumma pledged 1.0 million Evelyn shares and 2.5 million PMC shares on October 26 and 27, 2026, securing loans. Encumbered shares rose from 164,394,773 (27.91%) to 167,894,773 (28.50%) of company capital. His total holding is 213,966,356 shares (36.32%).
Shares were pledged for loans. Failure to repay could lead to lender-enforced sales and price pressure, but no sale or enforcement has been disclosed.