Promoter Nitin Jain pledges entire 15.63% stake to secure company loan

Pledge Above 50pctOwnership Changes View source PDF Explain this filing

SILGO · price

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Price reactionminutes from the announcement price · days from the prior close

+2.0%Reaction day

₹71.99

prior close

₹69.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+2.1% vs market

Gems Jewellery And Watches peers, median of 26sector-1.1%+3.1% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 3.1 pts more than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+3.0

10m

+4.5

15m

+5.5

30m

+5.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.0-0.2+2.1-1.1+3.1

Next day

-0.2-0.0-0.2-1.2+1.0

+1.5-1.3+2.8-1.9+3.5

+4.2-1.1+5.3-1.6+5.8

+0.0-0.8+0.9-2.3+2.3

+2.1-1.9+4.0-2.1+4.3

-4.2-6.6+2.5-8.8+4.7

15d

+0.0-9.7+9.7-13.4+13.4

+1.2-8.2+9.5-13.5+14.7

+8.3+3.1+5.3-2.3+10.6

+10.2+5.9+4.3-5.9+16.1

UpDownMarket · Nifty Microcap 250Sector · Gems Jewellery And Watches peers, median of 26Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Silgo Retail informed NSE that promoter Nitin Jain has pledged his entire 50 lakh equity shares, equal to 15.63% of total share capital, with Ashika Credit Capital Limited on Feb 17, 2026. The pledge was created to secure financial assistance extended to the company. No shares were previously encumbered, meaning 100% of the promoter's personal holding is now pledged.

Likely market impact

Promoter pledging all shares for a company loan raises risk concerns; any default by the company could trigger invocation and a forced share sale.