Mr. Amit Goenka, Promoter of the Company, vide his disclosure dated 24th October, 2025, has informed the Company about the release of pledge on 47,00,000 equity shares held by him in the ....
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Promoter Mr. Amit Goenka has informed the company about the release of a pledge on 47,00,000 equity shares (effective 17th October 2025), which were earlier pledged with Catalyst Trusteeship Limited. Before this release, he held 1,74,92,398 shares (73.26% of share capital) with 92,00,000 shares (38.53%) already pledged. After the release, 45,00,000 shares (18.85% of total share capital) remain pledged in his name. Other promoter group members hold negligible shares with no encumbrance.
This is a positive signal for shareholders as the release of pledged shares reduces the promoter's encumbered holdings from 38.53% to 18.85%, lowering the risk of forced selling and improving the perception of the promoter's financial standing.