Aayush Agrawal, a promoter of Ajanta Pharma Limited, has created a pledge on 30,000 equity shares. This action is attributed to a ‘top-up call’ resulting from a reduction in the share price. The disclosure was made in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The pledged shares represent 0.02% of the company’s total share capital, with CTL Trusteeship Limited named as the beneficiary.
Promoter Pledge on Ajanta Pharma Shares
In a disclosure filed on October 16, 2026, Aayush Agrawal, acting as a promoter and trustee of the Aayush Agrawal Trust, has announced the creation of a pledge on 30,000 equity shares of Ajanta Pharma Limited. This represents a nominal portion of the total share capital, specifically 0.02%.
Reason for Pledge
The rationale provided for this pledge is a ‘top-up call’ directly linked to a decline in the company’s share price. This type of action is often necessitated when pledged shares fall below a certain margin threshold, requiring additional collateral or the creation of new pledges to cover potential losses.
Regulatory Disclosure
The disclosure has been made in compliance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The form details the creation of this pledge, with CTL Trusteeship Limited identified as the entity in whose favor the shares have been encumbered. The post-event holding of encumbered shares for Aayush M. Agrawal, as part of the trustee group, stands at 1,21,32,386 shares, constituting 9.71% of the share capital, after this new pledge.
Details of Encumbrance
The specific event date for the pledge creation is noted as October 15, 2026. This pledge was created on shares held by Aayush M. Agrawal, trustee for the Aayush Agrawal Trust, who originally held 1,41,12,924 shares (11.29% of total capital). Following the pledge of 30,000 shares, his encumbered holdings are now 1,21,02,386 shares (9.69% of total capital) before considering the new pledge, and the total encumbered holding is now 1,21,32,386 shares.
Source: BSE
