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 March ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter group member Katragadda Venkata Ramani has created a pledge on 5,50,000 equity shares (0.28% of total share capital) of Standard Engineering Technology Limited with SMFG India Credit Co. Ltd on March 27, 2026. The reason given is personal borrowing, specifically an additional pledge to cover a margin shortfall — the promoter will not receive any amount against this pledge. The pledged shares are valued at Rs. 6.54 crore against a borrowing amount of Rs. 10 crore (A/B ratio of 0.65). After this event, total encumbered promoter shares stand at 14,91,127 (0.75% of total share capital), while overall promoter holding remains at 15,00,000 shares (0.75%).
This is a routine, small-scale pledge creation by a minor promoter (0.75% stake) for personal margin requirements. The filing explicitly confirms the encumbrance is neither 50% or more of promoter shareholding nor 20% or more of total share capital, so there are no immediate control or governance red flags for shareholders.