Encumbrance disclosure: 2,39,647 shares of V.S.S. Mani encumbered, 2,39,647 shares of Eshwary Krishnan released

Just Dial promoter disclosure on encumbrance of shares, reported on October 2, 2026.

Mon 5 Oct 2026

V.S.S. Mani encumbrance creation

2,39,647 shares (0.28% of total share capital) on 28.09.2026

V.S.S. Mani post-event encumbered holding

67,07,834 shares (7.89%)

V.S.S. Mani promoter holding

64,68,187 shares (7.61%)

Eshwary Krishnan encumbrance release

2,39,647 shares (0.28%) on 28.09.2026; post-event encumbered holding: Nil

Type of encumbrance

"Others"; linked to Shareholders Agreement dated July 16, 2021

What was disclosed

Just Dial's promoter V.S.S. Mani and co-promoter Eshwary Krishnan have reported a change in encumbrance on their shares under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The reporting date is October 2, 2026, and the events are dated 28.09.2026.

V.S.S. Mani: creation of encumbrance

• Promoter holding in the target company: 64,68,187 shares (7.61% of total share capital)
• Promoter holding already encumbered: 64,68,187 shares (7.61%)
• Type of event: Creation
• Shares covered by the creation: 2,39,647 shares (0.28%)
• Type of encumbrance: Others (reason: Refer Note 1)
• Entity in whose favour the shares are encumbered: Reliance Retail Ventures Limited
• Post-event holding of encumbered shares: 67,07,834 shares (7.89%)

Eshwary Krishnan: release of encumbrance

• Promoter holding in the target company: 2,39,647 shares (0.28%)
• Promoter holding already encumbered: 2,39,647 shares (0.28%)
• Type of event: Release
• Shares covered by the release: 2,39,647 shares (0.28%)
• Type of encumbrance: Others (reason: Refer Note 1)
• Entity in whose favour the shares were encumbered: Reliance Retail Ventures Limited
• Post-event holding of encumbered shares: Nil

Other promoters named in the table

• Anita Mani: holding 19,25,345 shares (2.26%); encumbered 19,25,345 shares (2.26%); no event reported
• Manasi Iyer: holding 1,33,975 shares (0.16%); encumbered 1,33,975 shares (0.16%); no event reported
• V. Krishnan: holding 100 shares (0.00%); encumbered 100 shares (0.00%); no event reported
• Ramani Iyer: holding 1,404 shares (0.00%); no encumbrance shown

What the notes say

Note 1 states that, in terms of the Shareholders Agreement dated July 16, 2021, the shares held by Mr. V. Krishnan, Mr. V.S.S. Mani, Ms. Anita Mani, Mrs. Eshwary Krishnan and Ms. Manasi Iyer are encumbered, and refers to the disclosure shared under Regulation 31(1) and 31(2) dated July 23, 2021.

Note 2 states that there is no encumbrance on shares held by Reliance Retail Ventures Limited, promoter of the Company.

How to read this

• Encumbrance means the shares carry a restriction, so they are not free to be dealt with at will. The update describes the type of encumbrance as Others, and does not describe it as a pledge.
• The creation and the release are both dated 28.09.2026 and both cover 2,39,647 shares, in favour of the same entity, Reliance Retail Ventures Limited.
• After these events, V.S.S. Mani's encumbered holding stands at 67,07,834 shares (7.89%) and Eshwary Krishnan's stands at Nil.
• The table also shows encumbered holdings that did not change on this date, including Anita Mani's 19,25,345 shares (2.26%) and Manasi Iyer's 1,33,975 shares (0.16%).

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