Promoter Group Releases Pledge Over 30,00,000 Shares (1.5337%) Held With Bajaj Finance
Six promoter group members have had the encumbrance over 30,00,000 equity shares released on 25 September 2026.
- Total Shares Released
- 30,00,000 equity shares
- Percentage of Paid-up Capital
- 1.5337%
- Pledged With
- Bajaj Finance Limited
- Release Date
- 25 September 2026
- Largest Individual Release
- Vishnukant C Bhutada 10,00,000 shares (0.5113%)
What happened
Members of the promoter group of Shilpa Medicare informed the exchanges under Regulation 31(2) of the SEBI (SAST) Regulations, 2011 that the encumbrance over 30,00,000 equity shares, representing 1.5337% of the paid-up share capital, was released on 25 September 2026. The type of encumbrance was a pledge, and the entity from whose encumbered shares the release happened is Bajaj Finance Limited. The stated reason is release of pledged shares that were encumbered as collateral for self-loans.
Promoter-wise detail
- Vishnukant C Bhutada: holds 1,27,31,220 shares (6.5094%); already encumbered 20,00,000 (1.0226%); released 10,00,000 (0.5113%); post-event encumbered 10,00,000 (0.5113%).
- Dharmavati Bhutada: holds 1,24,15,592 shares (6.3480%); already encumbered 13,50,000 (0.6902%); released 6,00,000 (0.3067%); post-event encumbered 7,50,000 (0.3834%).
- Deepak Kumar Innani: holds 54,67,920 shares (2.7958%); already encumbered 13,50,000 (0.6902%); released 5,00,000 (0.2556%); post-event encumbered 8,50,000 (0.4346%).
- Ramakant Innani: holds 29,95,556 shares (1.53%); already encumbered 13,50,000 (0.6902%); released 5,00,000 (0.2556%); post-event encumbered 8,50,000 (0.4346%).
- Omprakash Inani: holds 57,35,382 shares (2.9325%); already encumbered 4,00,000 (0.2045%); released 2,00,000 (0.10225%); post-event encumbered 2,00,000 (0.10225%).
- Brijgopal Innani: holds 23,49,732 shares (1.2014%); already encumbered 4,00,000 (0.2045%); released 2,00,000 (0.10225%); post-event encumbered 2,00,000 (0.10225%).
How to read this
A pledge is when a promoter offers shares as security against a loan. When the pledge is released, those shares are free of that security interest again. A reduction in pledged promoter shares is generally viewed as lowering the risk that a lender could sell those shares if a loan goes bad. Here, a portion of each promoter's pledged shares remains encumbered with Bajaj Finance Limited after this release.
Nature of the update
This is a shareholder-level disclosure by the promoter group. It does not change the company's own share capital, operations or financials.
Also from Shilpa Medicare
Unit 4 at Jadcherla issued Europe GMP Certification by AGES, Austria
10 Oct 2026
More numbers
- Shares released from encumbrance (total)30,00,000 equity shares
- Released stake as % of paid-up capital1.5337%
- Vishnukant C Bhutada shares released10,00,000
- Vishnukant C Bhutada release %0.5113
- Dharmavati Bhutada shares released6,00,000
- Dharmavati Bhutada release %0.3067
- Deepak Kumar Innani shares released5,00,000
- Ramakant Innani shares released5,00,000
- Omprakash Inani shares released2,00,000
- Brijgopal Innani shares released2,00,000
- Vishnukant C Bhutada total holding1,27,31,220
- Dharmavati Bhutada total holding1,24,15,592
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