Promoter creates pledge over 30,706 shares, 19.04% of paid-up equity capital
Shah Construction Company Ltd has received a promoter disclosure - an encumbrance by way of pledge has been created over shares.
By ScoutQuest · · 1 min read
- Shares pledged
- 30,706 equity shares
- Pledged shares as % of paid-up equity capital
- 19.04%
- Date of creation of encumbrance
- 08/10/2026
Shah Construction Company Ltd's promoter Mehul Jadavji Shah has disclosed to BSE the creation of an encumbrance over his shares, under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
What was disclosed
- An encumbrance by way of pledge was created over 30,706 equity shares.
- These shares represent 19.04% of the company's total paid-up equity share capital.
- The creation is dated 08/10/2026.
- The shares are encumbered in favour of CTL Trusteeship acting as Deconure Trustee for the benefit of Debenture Holders.
The promoter's holding, before and after
- Promoter holding in the target company: 30,706 shares, being 19.04% of total share capital and 19.04% of diluted share capital.
- Promoter holding already encumbered before this event: 0 shares (0% of total share capital).
- Post-event holding of encumbered shares: 30,706 shares, being 19.04% of total share capital.
What an encumbrance means
An encumbrance is a restriction placed on shares. When shares are pledged, they are offered as security and the holder cannot deal with them freely. Here the pledge is in favour of an entity acting as trustee for the benefit of debenture holders, which is how security is typically taken against a debenture issue or borrowing.
The update records the creation of an encumbrance; it is not a sale or transfer of shares by the promoter.
Why this is tracked
A promoter's holding shows how much of the company the promoter owns, and how much of that holding is encumbered shows how much of it is locked up as security. The encumbered share count moves only when such a restriction is created or released.
Also from Shah Construction Company
Shah Construction Company Ltd: 19.04% of shares pledged
13 Oct 2026
More numbers
- Shares over which encumbrance by way of pledge created30,706 equity shares
- Pledged shares as % of total paid-up equity share capital19.04%
- Promoter holding in target company30,706
- Promoter holding as % of total share capital19.04%
- Promoter holding as % of diluted share capital19.04%
- Promoter holding already encumbered before the event (shares)0
- Post-event holding of encumbered shares30,706
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