The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 04, 2025 for Ajay Kumar Bijli
PVRINOX · price
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Awaiting price reaction for this filing.
PVR Inox's Promoter and Managing Director, Ajay Kumar Bijli, has released a pledge on 2,50,630 equity shares that were previously held as collateral with Infina Finance Private Limited. The release happened on 30th October 2025 and was disclosed to the stock exchanges on 4th November 2025. After this release, the pledged shares of Ajay Bijli have come down from 25,44,000 shares (2.59% of share capital) to 22,93,370 shares (2.34%). His total holding in the company remains unchanged at 54,47,205 shares (5.55% of share capital). The original pledge was taken for a personal borrowing.
This is a positive signal for the stock — a pledge release reduces the promoter's encumbered holdings and lowers the risk of forced selling. For retail investors, it indicates improved financial flexibility for the promoter and reduces overhang concerns related to pledged shares.