Promoter group creates pledge of 11,36,370 shares (13.27% of capital) with Jio Credit for Rs. 50,00,00,000 loan
Tradechem Organics Limited (Promoter Group) has created a pledge of 11,36,370 equity shares of Mangalam Organics in favour of Jio Credit Limited (an NBFC), created on 22.09.2026.
By ScoutQuest · · 2 min read
- Shares Pledged
- 11,36,370 equity shares
- Pledge Date
- 22.09.2026
- Lender
- Jio Credit Limited (NBFC)
- Loan Amount
- Rs. 50,00,00,000/-
- Pledge Value & Cover Ratio
- Rs. 52,27,30,200/- (1.0455:1 or approx. 1.05x cover)
What was shared
Mangalam Organics Limited informed the exchanges of a disclosure received from Tradechem Organics Limited (Promoter Group) under Regulation 31(1) of SEBI SAST Regulations, reporting creation of a pledge.
Key details
- Shares pledged: 11,36,370 equity shares of face value Rs. 10/- each
- Date of creation of encumbrance: 22.09.2026
- In favour of: Jio Credit Limited, stated to be an NBFC
- Share of promoter holding pledged: 22.62%
- Share of total equity capital pledged: 13.27%
- Tradechem's own holding in the company: 18,29,417 shares (21.36%), of which none was previously encumbered (shown as 0)
Money involved
- Amount against which shares have been encumbered: Rs. 50,00,00,000/-
- Value of shares on the date of the agreement: Rs. 52,27,30,200/-
- Ratio of share value to loan amount: 1.0455 : 1 (approx. 1.05x)
Stated purpose
The update states the borrowed funds are proposed to be utilised towards branding and advertising expenses of Mangalam Brands Private Limited, a wholly owned material subsidiary of Mangalam Organics Limited. The stated objective is to strengthen brand visibility, support business expansion and enhance revenues of the subsidiary, which the promoter group expects to have a positive impact on the consolidated topline and overall performance of the group.
Promoter shareholding picture
- Total promoter shareholding: 50,22,926 shares, being 58.65% of total share capital
- The update records that the encumbered shares are not 50% or more of promoter shareholding, and not 20% or more of total share capital
- Other promoter group members listed, including Dujodwala Exports Private Limited, Manisha Pankaj Dujodwala, Akshay Dujodwala, Alka K Dujodwala, Kamalkumar Ramgopal Dujodwala and Pannkaj Dujodwala, show nil encumbrance
How investors may read it
A promoter pledge means promoter-held shares are offered as security to a lender. The company's own shareholding pattern does not change, and the listed company is not the borrower here. Investors often watch pledge levels because, if a borrower defaults, a lender can invoke the pledge and sell the shares in the market. Here the cover of about 1.05x means the value of the pledged shares is only modestly above the loan amount. On the other side, the update links the end use to funding brand-building at a wholly owned subsidiary of the listed company rather than personal use.
More numbers
- Shares pledged11,36,370 equity shares
- Face value per shareRs. 10/-
- Pledged as % of promoter shareholding22.62%
- Pledged as % of total equity share capital13.27%
- Loan amount against which shares encumberedRs. 50,00,00,000/-
- Value of shares on date of agreementRs. 52,27,30,200/-
- Total promoter shareholding (shares)50,22,926
- Total promoter shareholding (% of capital)58.65
- Tradechem holding in company (shares)18,29,417
- Tradechem holding (% of capital)21.36
- Security cover ratio A/B1.0455 : 1 (approx. 1.05x)
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.