Promoter releases 9,00,000 pledged shares after loan pre-payment; encumbrance down to 1.44%

Promoter Harshbeena Sahney Zaveri has released a pledge on 9,00,000 shares (0.93% of total share capital) on 30-09-2026.

Wed 30 Sep 2026

Shares Released

9,00,000 shares (0.93% of total share capital)

Encumbered Shares Before

23,00,000 shares (2.37%)

Encumbered Shares After

14,00,000 shares (1.44%)

Total Promoter Holding

3,98,70,208 shares (41.13%)

Unpledged By

Tata Capital Limited

What happened

Promoter Harshbeena Sahney Zaveri shared a disclosure under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 reporting the release of an encumbrance on shares of the company.

• Type of event: Release (unpledge), dated 30-09-2026
• Shares released: 9,00,000 shares, 0.93% of total share capital
• Reason stated: pre-payment of loan and release of related pledged shares
• Shares unpledged by Tata Capital Limited

Before and after

• Promoter holding in the company: 3,98,70,208 shares, 41.13%
• Already encumbered before the event: 23,00,000 shares, 2.37%
• Encumbered after the event: 14,00,000 shares, 1.44%

Other promoters

The disclosure lists other promoters and related entities, including Aziz Yousuf Zaveri (14,99,731 shares, 1.55%), Anupa Sahney (7,73,021 shares, 0.80%) and Jasjiv Singh Devinder Singh Sahney (3,03,495 shares, 0.31%), all with nil encumbered shares.

How to read this

A pledge is when a promoter offers shares as security for a loan. A release means the lender's charge over those shares has been removed, here after the loan was pre-paid. The promoter's overall shareholding in the company is unchanged; only the portion tied up as security has reduced. Investors often view a lower level of promoter share encumbrance as a reduction in one source of risk, since fewer promoter shares are linked to borrowings.

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