The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on May ....
NRBBEARING · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Trilochan Singh Sahney Trust-1 and Harshbeena Sahney Zaveri have released/unpledged shares worth approximately Rs. 1110.96 crore with Tata Capital Limited. The Trust unpledged 3,005,000 shares (3.10% of total capital), reducing its encumbered holding from 5.04% to 1.94%. Harshbeena Zaveri unpledged 1,122,580 shares (1.16% of total capital), reducing her encumbered holding from 32.80% to 31.64%. The reason stated is that promoters are repaying loans step by step, which has reduced encumbrance. Total promoter shareholding stands at 47.79% (4.63 crore shares), with 72.70% of promoter holding still encumbered against Rs. 275 crore of borrowed funds.
Positive signal for shareholders as promoters are reducing debt-backed pledges, indicating improving financial health and reduced risk of forced share sales. However, 72.70% encumbrance on promoter holding remains high.