Mr. Mirik Rajendra Gogri, a promoter of Aarti Pharmalabs Limited, has created a pledge on 2,784,094 shares of the company. The encumbrance, finalized on March 25, 2026, serves as collateral for a total financial arrangement amounting to INR 75 crore. This strategic move involves entities Bajaj Financial Securities Limited and 360 One Distribution Services Limited, with the borrowed funds earmarked for personal use by the promoters.
Details of the Share Pledge
The pledge involves 2,784,094 shares of Aarti Pharmalabs Limited, representing approximately 3.08% of the company’s total share capital. The creation of this encumbrance was executed on March 25, 2026, as a third-party pledge. The shares have been pledged in favour of Bajaj Financial Securities Limited and 360 One Distribution Services Limited.
Financial Terms and Security Cover
The total value of the encumbered shares as of the event date stands at INR 177,90,36,066. The loan amount against which these shares were pledged is INR 75,00,00,000. This results in a healthy asset cover ratio of 2.37, reflecting the collateral strength provided for the financing arrangement. The promoters have confirmed that the proceeds from this facility are intended for personal use.
Promoter Shareholding Impact
As of December 31, 2025, the total promoter shareholding in Aarti Pharmalabs Limited was 39,066,368 shares, or 43.10% of the total equity. The newly pledged shares constitute 7% of the total promoter shareholding. Despite this pledge, the company confirms that encumbered shares remain well below the 50% threshold of total promoter holdings and 20% of the total share capital.
Source: BSE
