J.K. Investors (Bombay) Limited has filed a disclosure regarding the creation of an encumbrance on its shares of Raymond Limited, as mandated by SEBI regulations. The disclosure, dated March 04, 2026, details that 500,000 shares (representing 0.75% of total capital) were pledged as collateral. This pledge was made in favor of Aditya Birla Capital Limited to secure loans taken by the Raymond Group Companies.
Regulatory Filing for Share Encumbrance
J.K. Investors (Bombay) Limited submitted an official disclosure on March 04, 2026, detailing the creation of an encumbrance on its holdings in Raymond Limited. This filing complies with the requirements under Regulation 31(1) of the relevant SEBI (Substantial Acquisition of Shares and Takeovers) Regulations.
Details of Pledge Creation
The primary event reported is the creation of a Pledge on a portion of the promoter entity’s shareholding. Specifically:
- The number of shares pledged is 500,000, equating to 0.75% of the target company’s total share capital.
- The entity in whose favor the shares were encumbered is Aditya Birla Capital Limited.
- The reason cited for the encumbrance is providing Collateral for loans taken by the Company/ Group Companies.
- The date associated with this creation event is February 26, 2026.
Impact on Promoter Holding
Prior to this event, J.K. Investors (Bombay) Limited held 19,861,793 shares (29.83%). Following the pledge of 500,000 shares, the post-event holding of encumbered shares is calculated as follows:
The total holding of J.K. Investors (Bombay) Limited after the pledge action results in a remaining encumbered share count of 3,562,471 shares (5.35% of total share capital) reported in the final column, though the calculation for the retained share position following the pledge is complex based on the table structure provided. The initial holding was reduced by the pledged amount for this specific entity.
Other Promoter Entities Holding Status
The filing also listed the status of shareholdings for various other related entities categorized as promoters or PACs. Across all other listed entities, including J.K. Investo Trade (India) Limited and J.K. Helene Curtis Limited, there were no new encumbrances (NIL) reported as of the date of filing. Similarly, the holdings of associated individuals such as Smt. Sunitidevi Singhania and Vijaypat Singhania also reported no change (NIL) in their respective share pledges.
Source: BSE
