Jyoti CNC Automation Limited has disclosed that promoter Anilkumar Bhikhabhai Virani has created an encumbrance on 1,83,52,000 shares, representing 8.07% of the total share capital. This pledge was made on August 12, 2026, as security for a business loan. Following this event, the promoter’s encumbered shareholding has increased to 8.91%. The promoter’s total holding in the company remains substantial at 14.45%.
Promoter Encumbrances Shares for Business Loan
Jyoti CNC Automation Limited has announced that a significant portion of promoter Anilkumar Bhikhabhai Virani’s shareholding has been pledged. The promoter created an encumbrance on 1,83,52,000 shares, which constitutes 8.07% of the company’s total share capital. This action was officially recorded on August 12, 2026.
Details of the Encumbrance
The primary reason for this share pledge is to secure a business loan extended to the promoter. The details specify that this is a pledge created as security for a loan for business purposes. Following this creation of encumbrance, the total number of shares held by the promoter that are now encumbered amounts to 2,02,52,000 shares, representing 8.91% of the total share capital.
Promoter Holding Remains Significant
Despite the encumbrance, Anilkumar Bhikhabhai Virani continues to hold a substantial stake in Jyoti CNC Automation Limited. Their total promoter holding in the target company is 3,28,56,340 shares, equivalent to 14.45% of the total share capital, prior to any potential release or invocation events.
Other Promoter PACs
The filing also lists other Promoter Persons Acting in Concert (PACs) with their respective holdings. These include Parakramsinh Ghanshyamsinh with 6,11,88,760 shares (26.91%), Sahdevsinh Lalubha Jadeja with 66,85,400 shares (2.94%), Vikramsinh Raghuvirsinh Rana with 45,47,500 shares (2.00%), Jyoti International LLP with 3,67,48,995 shares (16.16%), and Vijaysinh Pravinsinh Zala with 2,19,500 shares (0.10%). As of the reporting date, none of these other entities show any encumbered shares.
Source: BSE
