Dinesh Pareekh, a promoter of GEM Enviro Management Limited, has disclosed the creation of a pledge on 6,80,000 equity shares, representing 3.02% of the company’s total share capital. This encumbrance, effective from September 8, 2026, is stated to be for personal borrowing purposes. The disclosure also covers related entities, with significant portions of holdings by Mrs. Sangeeta Pareekh and BLP Equity Research Private Limited also being pledged.
Promoter Encumbrance Disclosure
Dinesh Pareekh, identified as a Promoter of GEM Enviro Management Limited, has formally notified the creation of a pledge on his holdings of 6,80,000 equity shares. This transaction accounts for approximately 3.02% of the total issued and paid-up share capital of the company. The disclosure, made in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, highlights that the pledge was created on September 8, 2026.
Details of Encumbrance
The encumbrance is in the form of a pledge, with Share India Securities Limited named as the entity in whose favor the shares have been pledged. The stated reason for this encumbrance is related to personal borrowings. The total value of the shares pledged as collateral is reported as ₹20,81,29,200, against a borrowed amount of ₹10,40,64,600, indicating a security cover ratio of 1:0.5.
Related Party Disclosures
In addition to Mr. Pareekh’s pledge, the disclosure also encompasses shareholding information for related parties. Mrs. Sangeeta Pareekh has pledged her entire holding of 17,90,400 equity shares (7.94% of total share capital), and BLP Equity Research Private Limited has pledged 35,53,600 equity shares (15.76% of total share capital). These encumbrances were also created on September 8, 2026, for similar personal borrowing reasons, strengthening the overall collateral provided to the lender.
Promoter Group Holdings
The total promoter shareholding in GEM Enviro Management Limited stands at approximately 73.71%. Out of this, a significant portion, representing 26.71% of the total share capital, has been encumbered. Specifically, Mr. Dinesh Pareekh and Mrs. Sangeeta Pareekh have had their entire shareholdings encumbered, while BLP Equity Research Private Limited has seen 61.17% of its shareholding pledged. This collective pledge indicates a substantial portion of promoter group equity being utilized as collateral.
Source: BSE
