Chemikas Speciality LLP has disclosed the creation of pledges on a significant portion of its promoter’s holdings. A total of 3,88,000 shares were pledged with Piramal Trusteeship Services Private Limited and an additional 6,99,500 shares with JM Financial Credit Solutions Limited. These pledges, totaling 10,87,500 shares, were executed on September 17, 2026, impacting the promoter’s direct shareholding and potentially future liquidity.
Promoter Share Pledging Disclosure
Chemikas Speciality LLP has reported the creation of pledges on promoter shares, in compliance with regulatory requirements. This disclosure outlines the details of the encumbrance of shares by the promoter entity, Chemikas Speciality LLP, which is acting in relation to its holdings in Archean Chemical Industries Limited.
Details of Share Encumbrance
The company has executed the creation of pledge for a total of 3,88,000 shares. This encumbrance was made as collateral for loans and is in favor of Piramal Trusteeship Services Private Limited. The effective date for this pledge was September 17, 2026.
Furthermore, an additional 6,99,500 shares have been pledged as collateral for loans. This second pledge is in favor of JM Financial Credit Solutions Limited and also took effect on September 17, 2026. These pledges are part of the promoter’s ongoing financial arrangements.
Impact on Shareholding
Following these creations, the total number of encumbered shares held by Chemikas Speciality LLP stands at 10,87,500 shares. This represents a significant portion of the promoter’s holdings and is detailed further in Annexure I of the disclosure. The percentages on capital are noted as 0.314% and 0.567% respectively for the two pledging events, with Chemikas Speciality LLP’s overall stake after these pledges being 11.64% and 12.20% respectively.
Source: BSE
