Promoter creates pledge over 64,50,000 shares; encumbered holding rises to 5.21%

JBCG Advisory Services Pvt Ltd, a promoter, has created a pledge over 64,50,000 equity shares of the company.

Mon 12 Oct 2026

Pledge created on

64,50,000 equity shares

Date of creation

07.10.2026

Encumbered promoter holding after event

2,59,50,000 shares (5.21%)

Pledge of promoter shares

JBCG Advisory Services Pvt Ltd, a promoter entity, has created a pledge over a part of its shareholding in the company. The event was reported under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and the date of creation is 07.10.2026.

What was created

• A pledge over 64,50,000 equity shares, which is 1.29% of the company's total share capital.
• The reason stated is creation of the pledge pursuant to the issuance of secured NCDs to Ugro Capital Ltd.
• The shares are encumbered in favour of Beacon Trusteeship Limited, for the NCDs issued to Ugro Capital Ltd.

Promoter holding and encumbrance, as reported

• Total promoter holding: 6,92,05,759 shares, or 13.88% of total share capital.
• Shares already encumbered before this event: 1,95,00,000 shares, or 3.91% of total share capital.
• Shares encumbered after this event: 2,59,50,000 shares, or 5.21% of total share capital.

What a pledge means

• The owner of the shares continues to hold them, but the shares are tied up as security. If the related borrowing runs into trouble, the lender or trustee can enforce its right over the shares.
• A pledge is therefore a restriction on the shares; it is not a sale of those shares to anyone.
• Because of this, a rise in the encumbered portion of a promoter's holding is something investors generally watch.

How this can be read

• The promoter's encumbered holding goes up from 3.91% to 5.21% of total share capital with this creation.
• The update records an event of pledge creation and identifies the shares and the entity in whose favour they are encumbered.

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