The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 10, 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 5,32,000 equity shares (0.54% of total share capital) that were previously encumbered in favour of Infina Finance Private Limited. After this release, his total pledged holdings stand reduced from 27,50,000 shares (2.80%) to 22,18,000 shares (2.26%) of the company's share capital. His total promoter holding in PVR Inox remains at 54,47,205 shares (5.55%). The disclosure was filed under SEBI's SAST Regulations on September 9, 2025, and the reason cited for the original encumbrance was personal borrowing.
This is a positive signal for shareholders — a reduction in pledged shares lowers the risk of forced selling or margin calls on the promoter's stake. While the pledge percentage is relatively small, it reflects deleveraging by the promoter, which is generally viewed favourably by the market.