BGBillionbrains Garage Ventures544603Promoter pledge update

Thousand Oaks Trust pledges 87,50,000 shares, 0.14% of total share capital

Thousand Oaks Trust, part of the promoter group, has created an encumbrance over 87,50,000 shares — 0.14% of total share capital — by way of a pledge.

By ScoutQuest · Wed 28 Oct 2026, 11:58 AM IST · 2 min read

Shares Pledged

87,50,000 shares — 0.14% of total share capital

Date of Creation

19.10.2026

Encumbered Shares After Event

0.24% of total share capital

What was disclosed

• Thousand Oaks Trust, shown as part of the promoter group, created an encumbrance over 87,50,000 equity shares of the company on 19.10.2026.
• The type of encumbrance is a pledge, and the shares are in favour of Aditya Birla Capital Limited.
• The reason recorded in the table for the encumbrance is Personal.
• The trust's holding in the target company is shown as 5,01,25,854 shares, or 0.80% of total share capital.

Reading the numbers

• Of that holding, 62,50,000 shares (0.10% of total share capital) were already encumbered before this event.
• The fresh pledge of 87,50,000 shares equals 0.14% of total share capital.
• After the event, encumbered shares are shown at 0.24% of total share capital.
• The other promoter group members listed in the same table show a dash against creation of encumbrance for the reporting date.

What a pledge means for a shareholder

• Pledging shares means the shares are given as security against a loan or other obligation. The owner continues to hold the shares, but they are marked as encumbered and cannot be freely sold while the pledge is in force.
• If the underlying obligation is not met, the lender can invoke the pledge and the shares can change hands. That is the main reason pledge disclosures are tracked by investors.
• The quantity newly pledged here is 87,50,000 shares, equal to 0.14% of total share capital, and the stated reason is Personal.
• The company is named as the target company, with BSE Limited and National Stock Exchange of India Limited as the exchanges where its shares are listed.

One more detail

• The disclosure states that none of the promoters and members of the promoter group are acting in concert with Thousand Oaks Trust in relation to this encumbrance.

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