Promoter creates pledge over 4,13,002 shares; encumbered holding rises to 26.80%

Promoter Refex Holding Private Limited has created a fresh pledge over 4,13,002 equity shares, equal to 0.30% of total share capital, on 29-09-2026.

Mon 5 Oct 2026

Fresh Pledge Shares

4,13,002 equity shares, equal to 0.30% of total share capital

Pledge Date

29-09-2026

Reason Recorded

personal use by promoters and PACs

Encumbered Promoter Holding After

3,67,81,772 shares, or 26.80% of total share capital

Encumbered Promoter Holding Before

3,63,68,770 shares, or 26.50% of total share capital

Promoter pledge: what was disclosed

• Refex Holding Private Limited, the promoter of the company, has created a pledge over 4,13,002 equity shares on 29-09-2026.
• That is 0.30% of the total share capital, and the shares are pledged in favour of Beacon Trusteeship Limited.
• The reason recorded for the encumbrance is personal use by promoters and PACs.

Promoter holding and encumbrance

• Promoter holding in the company: 7,76,23,085 shares, or 56.56% of total share capital.
• Encumbered before this event: 3,63,68,770 shares, or 26.50% of total share capital.
• Encumbered after this event: 3,67,81,772 shares, or 26.80% of total share capital.
• The annexure states that encumbered shares are 47.39% of promoter shareholding; that this is not 50% or more of promoter shareholding; and that it is 20% or more of total share capital.

What a pledge means here

A pledge is a creation of encumbrance. The promoter continues to hold the shares, but they are marked as pledged in favour of the entity named in the disclosure. This update records a creation event, not an invocation or a release, so the pledged shares have not been called upon by the lender in this disclosure.

The same annexure also lists the promoter's existing encumbrance events. These are all recorded as pledges, and the stated reasons across them include personal use by promoters and PACs as well as collateral for loans taken by the promoter company (RHPL).

Points a retail investor may note

• The fresh pledge is small in size, at 0.30% of total share capital, but it takes the total encumbered promoter holding to 26.80% of the company's total share capital.
• The reason given is personal use by promoters and PACs, not a requirement of the listed company itself.
• The update shows the position after the event: 3,67,81,772 promoter shares carry an encumbrance, out of 7,76,23,085 promoter shares held.

What to watch in later disclosures

• Whether the promoter adds more shares to the encumbrance or releases any.
• The fact that 26.80% of total share capital and 47.39% of the promoter's own holding are already under encumbrance.

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