The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on November ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Promoter Raoof Razak Dhanani has created a new pledge of 3,00,000 equity shares (1.71% of paid-up capital) in favour of Swan Finance Limited on November 26, 2025. No money was involved; the shares were pledged solely because the promoter stood as a guarantor. After this addition, his total encumbered holding rises to 12,75,000 shares (7.27% of the company), which is 83.46% of his personal promoter shareholding of 15,27,630 shares (8.72% of the company). He also has an older pledge of 9,75,000 shares (5.56%) with State Bank of India dating back to March 31, 2017, given as guarantee for a working capital and term loan of Rs. 22.5 crore at a share value of Rs. 185.
More than 83% of this promoter's holdings are now pledged, well above the 50% disclosure threshold, signalling significant encumbrance. Retail investors should note the rising pledge levels as they limit the promoter's flexibility and could turn negative if invoked.