BGBillionbrains Garage Ventures544603Promoter pledge update

Promoter Fortune First Trust creates pledge over 8750000 shares, 0.14% of total share capital

Fortune First Trust, a promoter group entity of Billionbrains Garage Ventures Ltd, has disclosed the creation of a pledge over 8750000 of its shares (0.14% of total share capital) on 19.10.2026 in favour of Aditya Birla Capital Limited.

By ScoutQuest · Wed 28 Oct 2026, 11:57 AM IST · 2 min read

Shares Pledged

8750000 shares (0.14% of total share capital)

Pledge Date and Counterparty

19.10.2026 in favour of Aditya Birla Capital Limited

Post-Event Encumbered Holding

15000000 shares, or 0.24% of total share capital

What the disclosure says

• Fortune First Trust, which is part of the promoter group of Billionbrains Garage Ventures Ltd, has reported the creation of an encumbrance over its shares under Regulation 31(1) and 31(2) of the SEBI (SAST) Regulations, 2011.
• The type of event is Creation, and the type of encumbrance is a Pledge, dated 19.10.2026.
• The reason recorded for the encumbrance is Personal.
• The shares are encumbered in favour of Aditya Birla Capital Limited.

The numbers

• Fortune First Trust holds 49970036 shares in the company, equal to 0.79% of total share capital.
• Before this event, 6250000 of those shares, or 0.10% of total share capital, were already encumbered.
• This event adds 8750000 shares, or 0.14% of total share capital.
• After the event, the trust's encumbered holding is 15000000 shares, or 0.24% of total share capital. That is the sum of the earlier 6250000 and the new 8750000.

How to read it

• A pledge means the shares are held as security in favour of the lender. The promoter continues to hold the shares, but they are restricted until released.
• Because the encumbrance is at the promoter-group level, it is a disclosure that investors typically track for any change in promoter leverage.
• The newly pledged block is 0.14% of total share capital, and the trust's total encumbered holding after the event is 0.24% of total share capital.
• The trust's own holding is 0.79% of total share capital, so a majority of the trust's shares are now encumbered.

Other details in the update

• The report also sets out the shareholding of other promoter group members and the shares already encumbered in their names.
• The update notes that none of the promoters and members of the promoter group are acting in concert with Fortune First Trust in relation to the encumbrance.
• The disclosure is signed by the trustee, Neo Trusteeship Services Pvt. Ltd., as trustee and authorised signatory for Fortune First Trust.

What to watch

• A pledge can be released later, and any such release would come through a similar exchange disclosure.
• Further creation of encumbrance by the same or other promoter group entities would also be reported in the same format.

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