GEM Enviro Management Limited has disclosed that promoter Sangeeta Pareekh has created an encumbrance, specifically a pledge, on 17,90,400 equity shares. This represents 7.94% of the total share capital of the company. The disclosure, dated September 10, 2026, also includes information on related encumbrances by other promoters and their respective shareholdings and the reasons behind these actions.
Promoter Share Pledge Disclosure
GEM Enviro Management Limited announced a significant disclosure regarding the encumbrance of promoter shares. Sangeeta Pareekh, a promoter of the company, has created a pledge on 17,90,400 equity shares. These shares constitute 7.94% of the total issued and paid-up share capital of GEM Enviro Management Limited. The disclosure was made pursuant to Regulation 31(1) read with Regulation 31(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of Encumbrance
The encumbrance, classified as a ‘Pledge’, was created on August 9, 2026. The shares have been pledged in favour of Share India Securities Limited. The total value of the shares at the time of the event was approximately ₹20,81,29,200, with the amount involved in the encumbrance being ₹10,40,64,600, indicating a security cover ratio of 1:0.5.
Other Promoter Holdings and Encumbrances
The disclosure also highlighted similar actions by other promoters. Mr. Dinesh Pareekh has pledged 6,80,000 equity shares, representing 3.02% of the total share capital. Additionally, BLP Equity Research Private Limited has pledged 35,53,600 equity shares, which amounts to 15.76% of the total share capital. The total promoter shareholding in GEM Enviro Management Limited stands at 73.71%, with a substantial portion, 36.24% of total promoter shareholding (representing 26.71% of total share capital), now encumbered. The reasons for these pledges are cited as ‘Personal Purpose’.
The report further details that the entire shareholding of Mrs. Sangeeta Pareekh and Mr. Dinesh Pareekh has been encumbered, while 61.17% of BLP Equity Research Private Limited’s shareholding is also encumbered. The report confirms that encumbered shares represent more than 20% of the total share capital.
Source: BSE
