The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 21, 2025 for J.K. Investors (Bombay) Ltd
RAYMOND · price
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On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.7 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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J.K. Investors (Bombay) Ltd, a promoter entity of Raymond Ltd, has disclosed the release of pledged shares under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. The event pertains to the release of 1,600,000 shares (approximately 2.40% of Raymond's total share capital) that were pledged with Standard Chartered Capital Limited, on account of loan repayment. The pledged shares held by J.K. Investors (Bombay) Ltd have come down from 3,657,471 shares (5.49%) to 2,057,471 shares (3.09%) of total share capital. The total promoter holding of J.K. Investors (Bombay) Ltd remains 19,861,792 shares (29.83%), with no change in overall stake. Other promoter entities like J.K. Investo (India) Ltd (12.43%) and J.K. Helene Curtis Ltd (5.40%) have NIL encumbrance on their holdings.
This is a positive signal for Raymond shareholders as the promoter group is actively reducing pledged shares by repaying loans, which lowers financial risk and demonstrates improved liquidity/creditworthiness of the promoter entity. With pledged shares now down to about 3% of total capital, concerns around forced selling or margin call risks are significantly reduced.