Promoter creates encumbrance by way of pledge over 65,82,000 shares, 65.65% of equity
Promoter Mehul Jadavji Shah has reported creation of an encumbrance by way of pledge over 65,82,000 equity shares of Hindustan Appliances Ltd.
By ScoutQuest · · 1 min read
- Shares Pledged
- 65,82,000 equity shares
- % of Total Paid-up Equity Share Capital
- 65.65%
- Encumbrance Before Event
- 0 shares (0% of total share capital)
Creation of encumbrance by way of pledge
- Mehul Jadavji Shah, promoter of Hindustan Appliances Ltd, has reported the creation of an encumbrance by way of pledge over 65,82,000 equity shares.
- This represents 65.65% of the company's total paid-up equity share capital.
- The encumbrance was created on 08/10/2026 and the disclosure was made to the exchanges on 13/10/2026.
- The shares are encumbered in favour of CTL Trusteeship, acting as Debenture Trustee for the benefit of Debenture Holders.
What a pledge means
A pledge is one form of encumbrance. The promoter remains the owner of the shares, but the shares are held as security, and the pledge can be invoked if the obligation it secures is not met. The update uses the word pledge for the type of encumbrance created.
The numbers, before and after
- Promoter holding in the target company: 65,82,000 shares, being 65.65% of total share capital and 65.65% of diluted share capital.
- Shares already encumbered before this event: 0 shares, being 0% of total share capital.
- Post this event, encumbered shares stand at 65,82,000, being 65.65% of total share capital.
How to read it
- The promoter's reported holding was free of encumbrance before this event, and the entire reported holding of 65,82,000 shares now stands encumbered. Investors commonly track how much of a promoter's holding is encumbered, since it is a restriction on those shares.
- The shares are encumbered in favour of a debenture trustee, CTL Trusteeship, acting for the benefit of Debenture Holders, as stated in the update.
- The disclosure is made under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and covers creation of the encumbrance only.
More numbers
- Equity shares under encumbrance by way of pledge65,82,000
- Encumbered shares as % of total paid-up equity share capital65.65%
- Post event holding of encumbered shares6582000
- Post event encumbered shares as % of total share capital65.65
- Promoter holding in target company (shares)6582000
- Promoter holding as % of diluted share capital65.65
- Shares already encumbered before the event0
- Holding already encumbered before event as % of total share capital0
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