Promoter Aditya Narsing Rao pledges 31.73 lakh shares with Bajaj Finance
PENIND · price
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On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.6 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Vice-Chairman and MD Aditya Narsing Rao has pledged 31,73,000 equity shares (2.35% of total share capital) of Pennar Industries with Bajaj Finance Limited for personal borrowing. He holds 90,01,133 shares (6.67% of capital) and had no prior encumbrance. This is a fresh pledge created on June 17, 2026. Other promoter group entities have minimal existing pledges (1.11% of capital).
New pledge for personal borrowing is a moderate watch item, but total promoter encumbrance remains low at around 3.46% of share capital.