We hereby declare that the member of Promoter and Promoter Group including acting in concerthave not made any other encumbrances of shares directly or indirectly during the financial year ....
Awaiting price reaction for this filing.
Dharani Sugars & Chemicals has filed its annual promoter encumbrance disclosure for FY2026 under SEBI (SAST) Regulation 31(4). The filing declares that no new share encumbrances were created during the financial year, with all pledges dating back to earlier years. The promoter and promoter group collectively hold 20,436,006 shares representing 61.55% of the company's paid-up capital. Of this holding, 11,032,168 shares (53.98% of promoter stake) remain pledged as collateral. Several entities, including Dharani Credit & Finance (100% pledged), Dr Palani G. Periasamy (100% pledged), Visalakshi Periasamy (100% pledged), and Ananthi Developers Ltd (100% pledged), have their entire holdings under pledge. K. Kandasamy has 95.70% of shares pledged, while Javanthi Periasamy has 83.58% pledged. The company notes no fresh encumbrances were added in the reporting period.
While no new encumbrances were created, the high proportion of promoter shares already pledged (over 53%) represents a structural risk. If pledged shares are invoked by lenders, it could dilute promoter holding significantly below the current 61.55% level, affecting control and stock sentiment.