Promoter releases pledge on 33,40,000 shares after partial NCD redemption

Promoter Anand Sureshbhai Desai has had a pledge released on 33,40,000 equity shares (2.93% of share capital) on 21.09.2026.

Wed 30 Sep 2026

Shares Released from Pledge

33,40,000 equity shares (2.93% of share capital)

Encumbered Holding Before

71,75,780 shares (6.30%)

Encumbered Holding After

38,35,780 shares (3.37%)

Total Promoter Holding

1,10,76,940 shares (9.73%)

NCD Partial Redemption Amount

INR 160 Crores aggregating from 16,000 NCDs of INR 1,00,000 each

What was shared

A disclosure under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 by promoter Anand Sureshbhai Desai, reporting the release of pledge on shares of Anupam Rasayan India Limited.

The numbers

• Total promoter holding of Anand Sureshbhai Desai: 1,10,76,940 shares (9.73%)
• Shares already encumbered before the event: 71,75,780 shares (6.30%)
• Shares released from pledge on 21.09.2026: 33,40,000 shares (2.93%)
• Encumbered shares after the event: 38,35,780 shares (3.37%)

Why the pledge existed

The pledge was created for the due payment and discharge of debt arising from the issuance by the Company of 16,000 senior, secured, rated, unlisted and redeemable non-convertible debentures of nominal value INR 1,00,000 each, aggregating to INR 160 Crores. It was in favour of Catalyst Trusteeship Limited (Debenture Trustee), for the benefit of Aditya Birla Capital Limited. The update states the pledge has been released after partial redemption of NCDs.

Other promoter entities listed

• Mona Anandbhai Desai: 41,40,625 shares (3.64%), encumbered 26,80,000 (2.35%), unchanged
• Rehash Industrial and Resins Chemicals Private Limited: 72,17,040 shares (6.34%), encumbered 50,00,000 (4.39%), unchanged
• Shraddha Anand Desai: 77,86,435 shares (6.84%), nil encumbered
• Kiran Pallavi Investments LLC: 3,62,06,896 shares (31.80%), nil encumbered
• Panna Divyesh Vaidya: 6,25,000 shares (0.55%), nil encumbered
• Ushma Deven Mehta (on behalf of Precision Financial Investments): 2,00,000 shares (0.18%), nil encumbered

How to read it

A release of pledge means shares earlier offered as security are freed, here linked to partial repayment of the debenture obligation. It is a change in the status of promoter shares, not a change in the number of shares they own, and involves no purchase or sale. Investors often view a decline in encumbered promoter shares as a sign of reduced debt-linked commitments, while a portion of the promoter group's shares remains encumbered.

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