Anand Sureshbhai Desai, a Promoter of Anupam Rasayan India Limited, has officially reported the release of a pledge involving 42,49,220 equity shares of the company. The disclosure, dated February 26, 2026, confirms that the shares were released following the full repayment of the underlying loan. This transaction effectively reduces the previously encumbered holding under this specific pledge, increasing the free-floating shares available to the promoter group.
Disclosure of Share Pledge Release by Promoter
Anand Sureshbhai Desai, a designated Promoter of Anupam Rasayan India Limited (the Company), has submitted a formal disclosure regarding the status of pledged shares under SEBI regulations. The filing confirms the release of a pledge that was previously created on 42,49,220 equity shares of the Company. This release took effect on February 26, 2026.
Details of the Transaction
Prior to this release, Mr. Desai’s total holding stood at 1,10,76,940 shares, representing 9.73% of the total share capital. The shares released represented 3.73% of the total share capital. The original pledge was established in favor of Catalyst Trusteeship Limited on behalf of Standard Chartered Capital Ltd. and Aditya Birla Capital for the purpose of availing a loan.
Following the release, the post-event holding of encumbered shares has reduced significantly, resulting in Mr. Desai’s post-transaction encumbered holding being 38,25,780 shares, which constitutes 3.36% of the total share capital.
Shareholding Changes for Associated Parties
The disclosure also provided a snapshot of the current shareholding structure for the promoter and Persons Acting in Concert (PACs) after the release event:
- Mona Anandbhai Desai: Holding stands at 26,80,000 shares (2.35%), down from 41,40,625 shares (3.64%) prior to the release event detailed for the primary filer.
- Shraddha Anand Desai: Holding remains at 0 shares encumbered, with a total holding of 77,86,435 shares (6.84%).
- Rehash Industrial and Resins Chemicals Private Limited: The encumbered portion is now 50,00,000 shares (4.39%), down from a previously encumbered figure of 50,00,000 shares.
- Ushma Deven Mehta (on behalf of Precision Financial Investments): The holding remains unchanged with 0 shares encumbered.
The filing, authorized and signed by Anand Sureshbhai Desai on February 26, 2026, was submitted to both the BSE Limited and the National Stock Exchange of India Limited, ensuring compliance with disclosure requirements.
Source: BSE
