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 January ....
SETL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter M/s Standard Holdings (partners Krishna Veni Kandula and Kandula Ramakrishna) has created a pledge on 42,57,144 equity shares of Standard Engineering Technology Ltd on December 31, 2025, representing 2.13% of total share capital. The pledge is split between Bajaj Finance Ltd (17,85,715 shares against borrowing of Rs. 10 crore) and Tata Capital Ltd (24,71,429 shares against borrowing of Rs. 17.30 crore), totalling Rs. 27.30 crore. The pledged shares amount to only 3.53% of the promoter's own holding in the company. The borrowing is stated to be for personal purposes and not for the benefit of the listed company or its subsidiaries. Total promoter shareholding in the company stands at just 46,01,461 shares, or 2.30% of share capital.
Impact on shareholders is limited since only 2.13% of total share capital has been pledged, and the encumbrance is small relative to the promoter's own stake. The borrowing is personal and unrelated to the listed company, so there is no direct capital infusion benefit. Promoter holding is already modest at 2.30%, so this does not meaningfully alter control dynamics.