The Exchange has received the revised Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 ....
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Promoter Sayaji Housekeeping Services Limited has pledged 5,41,516 equity shares (1.39% of total share capital) of Barbeque-Nation Hospitality Limited in favour of Axis Bank Limited on 27th March 2025. The pledge is created as security for a loan taken by Sayaji Hotels Limited, the holding company of Sayaji Housekeeping Services. The pledged shares were valued at roughly Rs. 14.86 crore against a loan amount of Rs. 75 crore, giving a security cover of about 19.8 times. After this pledge, encumbered shares form 4.67% of the promoter's total holding in Barbeque-Nation. This is a revised filing submitted on 24th June 2025 to correct earlier discrepancies in the post-event encumbrance percentage disclosure.
The pledge size is small relative to total promoter holding (29.69%) and is not for the benefit of the listed company itself but for its holding company's borrowings. This is a routine encumbrance disclosure and is unlikely to materially affect the stock price, though investors should note indirect debt obligations of the promoter group.