Announced Mon, 7 Sept · 15:46 IST
Promoters pledge 70.9 lakh shares (7.07% of equity) for personal loan
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+18.6%1-day move
₹0.59
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+18.6+11.9+6.8+1.7+16.9+16.9————
Up moveDown movePending
AI summary
Promoters Hozef and Durriya Darukhanawala created a pledge on 70,93,750 equity shares (7.07% of paid-up capital) in favour of Chinkita R Agarwal on 3 Sep 2026 to secure personal loans. Encumbered promoter shares now stand at about 81.74% of their total promoter holding, crossing the 50% mark.
Likely market impact
Heavy pledging of promoter shares for personal loans signals financial stress and raises ownership risk concerns for shareholders.