J.K. Investors (Bombay) Limited has filed a mandatory disclosure regarding the creation of an encumbrance on its shares of Raymond Limited, as required under SEBI regulations. On March 17, 2026, 3,562,471 shares (5.35% of total capital) held by the entity were pledged as collateral. This pledge was made in favor of ADITYA BIRLA CAPITAL LIMITED to secure loans taken by the Raymond Group Companies.
Mandatory Promoter Disclosure Filed
J.K. Investors (Bombay) Limited, a promoter entity, has submitted a disclosure to the stock exchanges regarding the creation of an encumbrance on its holding in the target company, Raymond Limited. The reporting date for this event is March 23, 2026. This filing adheres to the disclosure requirements concerning the substantial acquisition of shares and takeovers.
Details of Encumbrance Creation
The key event detailed in the filing is the creation of a pledge on 3,562,471 shares of Raymond Limited by J.K. Investors (Bombay) Limited. This transaction, which took place on March 17, 2026, represents 5.35% of the total issued share capital of Raymond Limited.
The nature of the encumbrance is a Pledge. The shares were pledged to ADITYA BIRLA CAPITAL LIMITED. The reason cited for this action is to serve as Collateral for loans taken by the Raymond Group Companies. Following this creation, the number of pledged shares increased to 4,412,471 (6.63% share capital).
Holding Position of Associated Entities
The filing also provided updates on the holdings of other associated promoter entities, though none reported any creation, invocation, or release of encumbrances on the reporting date:
- J.K. Investo Trade (India) Limited currently holds 12.43% of the capital, with no shares currently encumbered.
- J.K. Helene Curtis Limited holds 5.40% of the capital, with no shares currently encumbered.
Several other related individuals and trusts listed in the disclosure, including members of the Singhania family, reported having zero shares held or zero shares encumbered as of the reporting date.
Source: BSE
