J.K. Investors (Bombay) Limited has filed a mandatory disclosure regarding the creation of an encumbrance on its holdings in Raymond Lifestyle Limited (formerly Raymond Consumer Care Limited). On February 26, 2026, the entity created a Pledge on 2,00,000 shares, equivalent to 0.33% of the total share capital, as collateral for corporate loans. This transaction was reported to the stock exchanges on March 04, 2026, resulting in the post-event holding of 5,908,676 shares (9.70%) in the target company.
Mandatory Disclosure on Share Encumbrance
Pursuant to regulatory requirements, J.K. Investors (Bombay) Limited has formally notified the stock exchanges regarding the creation of an encumbrance on its shares held in Raymond Lifestyle Limited. The disclosure, dated March 04, 2026, details a significant event that took place on February 26, 2026.
Details of the Pledge Transaction
The primary action reported involves the creation of a Pledge over a portion of the promoter entity’s holding. Specifically:
- Pledged Shares: 2,00,000 shares were pledged, representing 0.33% of the total share capital of Raymond Lifestyle Limited.
- Reason for Encumbrance: The pledge was created to serve as Collateral for loans taken by the Company/Group Companies.
- Lender: The shares were pledged in favor of ADITYA BIRLA CAPITAL LIMITED.
Impact on Shareholding Post-Event
Prior to this event, J.K. Investors (Bombay) Limited held 38.02% (23,165,400 shares) in the target company. After the creation of the pledge, the post-event holding remains substantial:
- Post-Encumbrance Holding: The entity’s total share capital holding is now 5,908,676 shares, constituting 9.70% of the total share capital.
- Encumbered Shares: The total number of shares currently encumbered stands at 5,908,676 across the entire promoter group, although the specific calculation breakdown for the new total is detailed in the filing columns. The initial encumbered quantity was 5,708,676 (9.37%) before the reported transaction.
Other Promoter Group Holdings
The filing also lists the holdings of other related Persons Acting in Concert (PACs) as of the reporting date, though these specific holdings did not report new creation, invocation, or release events:
- J.K. Investo Trade (India) Limited reported holding 10.87% (66,20,069 shares) with no shares currently encumbered (NIL).
- Several individual and trust holdings, including those by J.K. Helene Curtis Limited (4.72%), Raymond Limited (4.33%), and others, were noted, all showing NIL encumbrance as of the reporting date.
Source: BSE
