Mr. Renil Rajendra Gogri, part of the promoter group of Aarti Pharmalabs Limited, has disclosed the creation of a pledge on 15,19,919 shares of the company. The encumbrance, executed on March 25, 2026, represents 3.89% of the total share capital. These shares have been pledged in favor of three financial entities for personal use by the promoters.
Details of the Share Pledge
The disclosure confirms that a total of 15,19,919 equity shares of Aarti Pharmalabs Limited were pledged on March 25, 2026. This transaction accounts for approximately 3.89% of the total share capital of the company. The shares were pledged in favor of Aditya Birla Capital Limited, Bajaj Financial Securities Limited, and 360 One Distribution Services Limited.
Purpose and Asset Coverage
The total value of the pledged shares as of the date of the agreement is INR 97.12 crore. The pledge serves as security for personal borrowing by the promoter group. The company clarified that the borrowed funds are intended for personal use by the promoters and are not for the benefit of the listed entity. As of the reporting date, the total promoter shareholding stands at 3,90,66,368 shares, or 43.10% of the total share capital.
Source: BSE
