Promoter Aayush Agrawal creates pledge on 4,60,000 shares for NCD issue

Promoter Aayush Agrawal (trustee, Aayush Agrawal Trust) has created a pledge on 4,60,000 equity shares of Ajanta Pharma Ltd.

Tue 6 Oct 2026

Shares Pledged

4,60,000 equity shares (0.37% of total share capital)

Pledge Created / Reported

Created 28-Sep-26; reported to exchanges on 05.10.2026

Trust Encumbered Holding Post-Event

1,21,02,386 shares (9.69%) encumbered; Trust holds 1,41,12,924 shares (11.29%)

What the disclosure says

Ajanta Pharma promoter Aayush Agrawal, in his capacity as trustee of the Aayush Agrawal Trust, has created a pledge on 4,60,000 equity shares of the company. The stated reason for creating the pledge is an issue of NCDs (non-convertible debentures). The pledge was created on 28-Sep-26 and reported to the stock exchanges on 05.10.2026.

Key figures

• Shares pledged: 4,60,000, which is 0.37% of the company's total share capital.
• Total holding of the Aayush Agrawal Trust: 1,41,12,924 shares, or 11.29% of the total share capital.
• Holding already encumbered before this event: 1,16,42,386 shares, or 9.32%.
• Holding encumbered after this event: 1,21,02,386 shares, or 9.69%.
• The shares are encumbered in favour of CTL Trusteeship Ltd.

Other promoter holdings listed in the same disclosure

• Gabs Investments Pvt Ltd holds 1,25,88,393 shares (10.07%); 27,70,000 shares (2.22%) are encumbered.
• Yogesh M Agrawal, trustee of the Yogesh Agrawal Trust, holds 1,80,78,147 shares (14.47%).
• Mannalal B Agrawal holds 0 shares (0.00%).
• Rajesh M Agrawal, trustee of the Rajesh Agrawal Trust, holds 1,80,78,148 shares (14.47%).
• Ravi P Agrawal, trustee of the Ravi Agrawal Trust, holds 1,27,92,904 shares (10.24%); 14,73,390 shares (1.18%) are encumbered.
• Ravi P. Agrawal holds 2,85,000 shares (0.23%).
• Aayush M. Agrawal holds 30,000 shares (0.02%); 30,000 shares (0.02%) stand encumbered after the event.
• Ganga Exports, represented by its partners Yogesh Agrawal, Rajesh Agrawal and Ravi Agrawal, holds 33,48,261 shares (2.68%).

What a pledge means

• A pledge is a form of encumbrance: the shares continue to be owned by the promoter, but they are held as security for an obligation. In this case the stated purpose is an issue of NCDs.
• If the underlying obligation is not met, the entity in whose favour the shares are encumbered can invoke the encumbrance over those shares.
• The event reported here is a creation of pledge, and the update describes the reason as being for an issue of NCDs.

How investors generally look at this

• Promoter encumbrance is tracked because it shows how much of the promoter's holding is committed as security rather than being free.
• Here the creation is 4,60,000 shares, or 0.37% of the total share capital, and it takes the Aayush Agrawal Trust's total encumbered holding to 1,21,02,386 shares, or 9.69% of the total share capital.
• The same disclosure also sets out the holdings and encumbered positions of the other promoter entities listed above, so the group's overall encumbrance picture can be read from those figures.

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