Seshagiri Rao Jasti, a promoter of Keerthi Industries Limited, has announced the release of 24,05,021 equity shares from a pledge. These shares represent 30% of the company’s paid-up capital. The release occurred on August 11, 2026, and was related to a pledge made for obtaining a credit facility. This action signals a reduction in financial encumbrance for the promoter.
Promoter Share Release Announced
Seshagiri Rao Jasti, a key promoter of Keerthi Industries Limited, has officially informed the stock exchanges and the company about the release of a significant block of shares from a pledge. A total of 24,05,021 equity shares, which constitute 30% of the company’s paid-up capital, have been freed from encumbrance. This disclosure was made on August 11, 2026.
Details of the Encumbrance Release
The shares were originally pledged for the purpose of collateral to avail a credit facility from Axis Bank Limited. The release of these shares, effective from August 10, 2026, marks a reduction in the financial obligations associated with these holdings for the promoter. The announcement also details the total share capital held by various promoters and PACs, indicating Seshagiri Rao Jasti’s substantial holding and post-release status.
Source: BSE
