Promoter group entity creates pledge on 22,62,000 shares (22.85% of capital) to fund working capital loan
Promoter group company K B R Holdings Pvt Ltd has encumbered 22,62,000 equity shares of the company by way of creation of pledge.
- Shares Encumbered
- 22,62,000 equity shares
- Percentage of Total Capital
- 22.85%
- Percentage of Promoter Holding
- 30.49%
- Amount Borrowed
- Rs 25,00,000
- Share Value on Event Date
- Rs 2,26,20,000
What was shared
K B R Holdings Private Limited, part of the promoter group, shared a disclosure under Regulation 31(1) of SEBI (SAST) Regulations, 2011 reporting creation of an encumbrance by way of pledge over shares of Cura Technologies Limited.
Shares involved
- Shares encumbered: 22,62,000 equity shares
- That is 22.85% of total share capital
- Equal to 30.49% of total promoter shareholding
- Type of event: Creation; type of encumbrance: Pledge
- Date of creation of encumbrance: 25.09.2026
Shareholding context
- Total promoter shareholding: 74,19,702 equity shares, being 74.95% of total share capital
- K B R Holdings itself holds 64,62,000 shares, or 65.27%
- The update records that the encumbered shares are not 50% or more of promoter shareholding, but are 20% or more of total share capital
In whose favour
The shares are encumbered in favour of Reverb Systems Private Limited. The update states this entity 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. The encumbrance is not linked to any debt instrument such as debentures or commercial paper.
Money and cover
- Amount involved against which shares have been encumbered: Rs 25,00,000
- Value of shares on the date of event: Rs 2,26,20,000 (shares are infrequently traded)
- Ratio of value of shares to amount: 9.05:1
Purpose of borrowing
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 to be repaid on or before 31.01.2027.
How investors may read it
Promoter pledges are watched because, if a borrowing is not repaid, the lender can invoke the pledge and the shares can change hands, affecting promoter control. Here the amount is small relative to the disclosed value of the pledged shares, and the stated end use is funding working capital of the listed company. The size of the block, at 22.85% of capital, and the fact that the lender is not a regulated financial institution are the points most likely to draw attention.
Also from Cura Technologies
Promoter creates pledge over 22,62,000 shares (22.85% of capital) to fund loan to company
29 Sep 2026
More numbers
- Shares encumbered22,62,000
- Encumbered shares as % of total share capital22.85%
- Encumbered shares as % of promoter shareholding30.49%
- Total promoter shareholding (shares)74,19,702
- Total promoter shareholding as % of capital74.95%
- K B R Holdings shareholding64,62,000
- K B R Holdings holding % of capital65.27
- Amount involved against which shares encumberedRs 25,00,000/-
- Value of shares on date of eventRs. 2,26,20,000/-
- Ratio of A/B (security cover)9.05:1
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