We are submitting herewith Submission Under Regulation 31 (1) AND Reg 31(2) of SEBI regarding Release Pledge of 5 Lakhs Shares from Bank of Baroda
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VMS Industries Ltd announced that its Managing Director and Promoter, Mr. Manoj Kumar Jain, has released 5,00,000 equity shares (about 2.04% of total share capital) from pledge with Bank of Baroda, SME Branch, Ahmedabad. The release was effected on December 3, 2025, following a Bank of Baroda Sanction Letter, likely indicating repayment or restructuring of credit facilities. After the release, the promoter's individually encumbered shares fell from 12.02% (29,42,017 shares) to 9.98% (24,42,017 shares), while the total promoter group encumbrance dropped from 20.19% to 18.15% of share capital. The promoter group continues to hold 38.10% (93,25,164 shares) of the company.
This is a positive signal for shareholders as it reduces the promoter's pledged holdings, indicating lower financial leverage and reduced risk of forced selling. The release, done through a bank sanction, suggests either loan repayment or favorable restructuring, which can improve promoter credibility and ease overhang concerns on the stock.