Asahi India Glass announced the release of a pledge on 4,00,000 equity shares by promoter Sanjay Labroo on September 26, 2025. This release reduces the total encumbered shares to 42,00,000, representing 1.65% of the total share capital. The release was due to personal borrowing, with Kotak Securities Limited as the entity in whose favor the shares were encumbered.
Release of Encumbrance
Sanjay Labroo, a promoter of Asahi India Glass, has released the pledge on 4,00,000 equity shares of the company. This information was reported to the stock exchanges on October 3, 2025.
Details of the Release
The release of the pledge occurred on September 26, 2025. The reason for the release was related to personal borrowing. The encumbrance type was a pledge.
Following the release, the number of shares encumbered stands at 42,00,000, which represents 1.65% of the total share capital.
Shareholding Details
Prior to the release, Sanjay Labroo held 2,92,30,761 shares, representing 11.47% of the total share capital. Out of this, 46,00,000 shares were encumbered, accounting for 1.80% of the total share capital.
Kotak Securities Limited was the entity in whose favor the shares were encumbered.
Source: BSE
