Promoter creates pledge over 22,62,000 shares (22.85% of capital) to fund loan to company
Promoter group entity K B R Holdings Private Limited has created a pledge over 22,62,000 equity shares of the company, being 22.85% of total share capital.
- Shares Pledged
- 22,62,000 equity shares
- Percentage of Total Capital
- 22.85%
- Date of Pledge Creation
- 25.09.2026
- Value of Pledged Shares
- Rs. 2,26,20,000/-
- Borrowed Amount
- Rs. 25,00,000/-
What was shared
K B R Holdings Private Limited, part of the promoter group, disclosed under Regulation 31(1) of SEBI (SAST) Regulations, 2011 that it has encumbered shares of Cura Technologies Limited by way of creation of pledge.
Key details
- Shares pledged: 22,62,000 equity shares
- That is 22.85% of total share capital
- Date of creation of encumbrance: 25.09.2026
- In favour of: Reverb Systems Private Limited
- The pledgee is not a scheduled commercial bank, public financial institution, NBFC or housing finance company; its business is distribution of pro audio and commercial sound equipment
Promoter holding context
- Total promoter shareholding: 74,19,702 equity shares, being 74.95% of total share capital
- Encumbered shares form 30.49% of total promoter shareholding
- The update records that encumbered shares are not 50% or more of promoter shareholding, but are 20% or more of total share capital
- K B R Holdings itself holds 64,62,000 shares, or 65.27%
Security cover
- Value of shares on date of event/agreement: Rs. 2,26,20,000/-
- Amount involved against which shares have been encumbered: Rs 25,00,000/-
- Ratio of A/B: 9.05:1
- The update notes the shares are infrequently traded
Stated purpose
The borrowed amount of Rs. 25,00,000/- is stated to be utilised for providing a loan to Cura Technologies Limited for meeting its working capital requirement. The amount is stated to be repaid on or before 31.01.2027.
How to read it
A pledge means promoter shares are offered as security for a borrowing; the shares remain owned by the promoter unless the pledge is invoked. Investors often watch the size of promoter encumbrance because a large pledged block can change hands if the borrowing is not repaid. Here the disclosed cover is high relative to the amount involved, and the stated end use is funding working capital of the listed company itself.
Also from Cura Technologies
Promoter group entity creates pledge on 22,62,000 shares (22.85% of capital) to fund working capital loan
29 Sep 2026
More numbers
- Shares encumbered (pledge)22,62,000 Equity shares
- Pledged shares as % of total share capital22.85%
- Total promoter shareholding (shares)74,19,702 Equity Shares
- Promoter shareholding as % of total share capital74.95%
- Encumbered shares as % of promoter shareholding30.49%
- Value of shares on date of eventRs. 2,26,20,000/-
- Amount involved against which shares encumberedRs 25,00,000/-
- Security cover ratio A/B9.05:1
- K B R Holdings shareholding (shares)64,62,000
- K B R Holdings holding as % of share capital65.27
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