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 May ....
Awaiting price reaction for this filing.
Promoter Rachna Suman Shaw has created a pledge of 26,00,000 equity shares (26 lakh) of Nagarjuna Agri-Tech Limited in favor of HDFC Bank Limited on May 20, 2025. The pledged shares amount to 27.75% of total share capital and 43.97% of the promoter's own holding. The promoter holds 59,13,100 shares, which is 63.11% of the company. The transaction is backed by a loan of Rs 20 crores, intended for personal use by the promoter. This is a fresh pledge creation and no invocation or release is mentioned.
Since the loan is for personal use and not for the company, the direct impact on Nagarjuna Agri-Tech's operations is limited. However, with about 44% of the promoter's stake now encumbered and nearly 28% of total share capital pledged, investors should watch for any margin call risk if the stock price falls sharply.