In compliance of Regulation of 31(1) of SEBI (SAST) Regulations 2011 and Circular, Mr. Praveen Tyagi, Promoter of the Company has disclosed details regarding creation of pledge against ....
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VVIP Infratech's promoter, Mr. Praveen Tyagi, has pledged 18,75,000 equity shares (7.50% of total share capital) in favour of CSL Finance Ltd on 02 June 2025. This pledge represents about 17.80% of his personal promoter shareholding, taking his total holding to 1,05,34,250 shares (42.15% of the company). The disclosure confirms the encumbered shares are neither 50% or more of the promoter's stake nor 20% or more of total share capital. The borrowed amount of ₹15 crore (against shares valued at ₹35 crore, a 2.3:1 cover) will be used by the promoter to fund the subsidiary M/s Vibhor Vaibhav Infrahome Private Limited for investments in various projects. CSL Finance Ltd is a scheduled NBFC, making this a standard financial pledge rather than a distress signal.
This is a routine disclosure of share pledging by the promoter to raise debt for the company's own subsidiary, not a personal or unrelated use. With only 7.50% of total capital and 17.80% of the promoter's personal holding pledged, the encumbrance level remains comfortable and unlikely to concern shareholders or move the stock.