Promoter group pledges 11.36 lakh shares with Jio Credit for subsidiary loan

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MANORG · price

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Price reactionminutes from the announcement price · days from the prior close

-2.2%Reaction day

₹460.00

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%-0.6% vs market

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-2.2-1.6-0.6

Next day

-3.0-0.6-2.5

-2.7-0.8-1.9

-5.2-2.1-3.1

-5.4-2.1-3.2

-3.7-0.8-2.9

-7.5-3.8-3.7

15d

+10.9-6.9+17.8

-0.9-8.0+7.1

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UpDownMarket · Nifty Microcap 250Pending

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AI summary

Tradechem Organics (Promoter Group) pledged 11,36,370 shares of Mangalam Organics (13.27 percent of total equity, 22.62 percent of promoter holding) to Jio Credit Ltd (NBFC) on September 22, 2026. Loan of about Rs 50 crore is for branding and advertising of wholly owned subsidiary Mangalam Brands Pvt Ltd. Share cover ratio about 1.05x. Total promoter holding stays 58.65 percent. Pledge is below 50 percent of promoter holding.

Likely market impact

Promoter raised debt by pledging shares for subsidiary branding. Encumbrance is moderate and within SEBI limits, but a sharp share price fall raises margin call risk.