Promoter group entity creates pledge on 2,50,000 equity shares

Ekta Credit Private Limited (Promoter Group) has created a pledge on 2,50,000 equity shares of the company on 30th September, 2026.

Wed 7 Oct 2026

Shares Pledged

2,50,000 equity shares

Promoter Group Entity Holding (Before and After)

14,73,235 shares (2.63%)

Value Shown Against the Transaction

Rs. 13,09,87,500

What has been disclosed

The company has informed the exchanges that it received a disclosure in Form B dated 05th October, 2026 from Ekta Credit Private Limited, a member of the Promoter Group, regarding the creation of a pledge on 2,50,000 equity shares of the company on 30th September, 2026.

What a pledge means

• A pledge places shares as security, usually against a loan or another obligation taken by the entity that owns them.
• Ownership does not change. The shares continue to be held by Ekta Credit Private Limited.
• The shares become encumbered, meaning the entity cannot freely sell or transfer them until the pledge is released.
• If the underlying obligation is not met, the lender can invoke the pledge over those shares.

The numbers

• Holding before the pledge: 14,73,235 equity shares (2.63%)
• Shares pledged: 2,50,000 equity shares
• Holding after the pledge: 14,73,235 equity shares (2.63%)
• Value shown against the transaction: Rs. 13,09,87,500

The holding size is unchanged because a pledge is not a sale. No purchase or sale of shares is reported here; the only change is that 2,50,000 of the entity's shares are now marked as pledged. No trading in derivatives of the company's securities is reported in the disclosure.

How this can be read

Pledges by promoter group entities are routinely disclosed to the exchanges, and this one follows the same route. Such news is often seen as a mild caution because it links a part of the promoter group's holding to an obligation, while the holding itself stays the same size. The update is a disclosure of a change in the encumbrance status of shares held by a promoter group entity, so the direct effect is on that entity's shares rather than on the company's own operations.

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