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 July ....
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On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.9 pts more than its Tea & Coffee peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Balakrishna Tati has created a pledge on 50,00,000 equity shares (3.84% of total share capital) of Vintage Coffee and Beverages Ltd on July 9, 2025, in favour of Nuezen Finance Private Limited (an NBFC) for a secured loan. The stated end-use of the borrowed money is 'for the benefit of the listed company,' not for personal use. Post this pledge, the total encumbered shares of the promoter stand at 50 lakh shares, which is just 3.84% of his overall promoter shareholding of 4,92,29,528 shares (37.84% of total share capital). The filing confirms that the encumbrance is well below the 50% threshold of promoter shareholding. Other promoter group entities (Vishal Jethalia, Mohit Rathi, Chin Corp Holding, Valbe Foods) have prior existing encumbrances, but no new pledge creation is reported for them in this disclosure.
Since the new pledge is a small 3.84% of total share capital and the money is reportedly being raised for the company's benefit (not personal use), the near-term impact on shareholders is limited. However, investors should watch for any further encumbrance creation or invocation, as the promoter group's total shareholding is already below the 50% mark at 37.84%.