Announced Wed, 23 Sept, 2026 · 12:55 IST
Promoter Raja Debnath creates new pledge of 25.69 lakh shares (9.64%)
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.4%1-day move
₹268.90
prior close
₹275.45
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.6+0.6-0.9+3.4+1.2-2.2-2.2-6.3-7.1————
Up moveDown movePending
AI summary
Promoter Raja Debnath pledged 25,69,171 shares (9.64% of capital) on 18 Sep 2026 in favour of Axis Trustee Services, raising his encumbered holding to 26.67% of capital. Total promoter encumbrance now stands at 95.26% of promoter shareholding (31.70% of total capital). The pledge is collateral for INR 45 crore of NCDs issued by step-down subsidiary Nityo Tech Private Limited, intended for working capital, capex, or debt refinancing.
Likely market impact
Very high promoter pledge level of 95% signals financial stress. Shares pledged to back subsidiary debt of INR 45 crore, increasing risk for retail holders.