Pursuant to regulation 31 of SEBI (SAST) reg 2011 we are enclosing herewith disclosure received from the Promoter of the Company, Mrs. Rachna Suman Shaw, regarding pledge of 26,00,000 equity ....
Awaiting price reaction for this filing.
Promoter and Managing Director Mrs. Rachna Suman Shaw has pledged 26,00,000 equity shares (27.75% of total share capital) of Nagarjuna Agri Tech Ltd in favour of HDFC Bank Limited on May 20, 2025. The pledged shares represent about 43.97% of her total promoter holding of 59,13,100 shares (63.11% of the company). The loan amount involved is Rs. 20 crores, and the end use of the borrowed money is stated as personal use by the promoter. The encumbrance is with a scheduled commercial bank and is not linked to any debt instruments like debentures.
This is a new pledge creation by the promoter, raising the encumbered portion to nearly 44% of her holding. Investors should monitor for any future pledge invocation or release, as higher pledged holdings can increase risk if share prices fall or loan obligations are not met.