Promoter Ajay Kumar Bijli has announced the release of encumbrance on a total of 822,100 equity shares of PVR INOX Limited. The release pertains to shares previously pledged as collateral for personal borrowing. The shares were held with HSBC InvestDirect Financial Services (India) Limited and Infina Finance Private Limited, and their release signifies a reduction in the promoter’s pledged shareholding.
PVR INOX Promoter Reduces Pledged Shares
Ajay Kumar Bijli, a promoter of PVR INOX Limited, has officially disclosed the release of encumbrance on a significant number of equity shares. This action, detailed under Regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, concerns shares previously pledged as collateral for personal borrowing.
Details of Share Release
A total of 822,100 equity shares have been released from encumbrance. Specifically, 184,300 equity shares, representing 0.19% of the total share capital, were released from HSBC InvestDirect Financial Services (India) Limited. Additionally, 637,800 equity shares, constituting 0.66% of the total share capital, were released from Infina Finance Private Limited. These releases were effective on November 2, 2026.
Following these releases, the promoter’s total holding in PVR INOX Limited remains 53,51,298 shares, accounting for 5.57% of the total share capital and 5.55% of the diluted share capital. The promoter holding that remains encumbered has consequently decreased.
Source: BSE
