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 ....
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Awaiting price reaction for this filing.
Promoter Katragadda Venkata Mohana Rao has created a pledge on 11,42,206 equity shares (0.57% of total share capital) of Standard Engineering Technology Limited in favour of SMFG India Credit Co Ltd on December 31, 2025. The pledge is for a personal borrowing of Rs. 10 crore, with the pledged shares valued at approximately Rs. 17.04 crore, giving a security cover ratio of 1.70x. The promoter holds 18,00,000 shares in total (0.90% of total share capital), and the encumbered shares represent only 0.94% of his holding. The borrowing is purely for personal use and not for the benefit of the listed company or its subsidiaries.
This is a small pledge creation by a minor promoter (holding under 1% of the company) for personal borrowing, with the pledged shares being less than 1% of both promoter holding and total share capital. Limited impact on shareholders, though any new pledge by a promoter is generally viewed with mild caution by the market.