K. T. Holdings has announced the creation of pledge over 2,555,555 shares and the release of pledge over 1,311,111 equity shares of Kalpataru Projects International Limited (KPIL). These actions represent adjustments to the company’s existing share pledge arrangements, reflecting ongoing financial strategies and obligations.
Pledge Activity in Kalpataru Projects
K. T. Holdings Private Limited has reported adjustments to its share pledge arrangements concerning Kalpataru Projects International Limited (KPIL). The announcement details both the creation and release of pledged equity shares. The company has created a pledge over 2,555,555 equity shares. Simultaneously, it has released a pledge over 1,311,111 equity shares of KPIL.
Details on Encumbrance
The reasons for the encumbrance detailed in the document are varied, reflecting different financial arrangements. Some common purposes include:
- General Corporate Purpose
- Repayment of Loan and advances
- Refinancing of existing facilities
- Extending ICD’s (Inter Corporate Deposits) to group companies
- Working capital
Specific Loan Details and Corresponding Pledges
Several financial institutions are involved in these encumbrances, including JM Financial Credit Solutions Limited, Aditya Birla Capital Limited, Tata Capital Limited, and 360 One Prime Ltd. As of October 17, 2025, these pledges support various credit facilities availed by entities related to K. T. Holdings.
For instance, loans are availed by entities such as Kalpataru Constructions (Poona) Pvt Ltd, Klassik Vinyl Products LLP, Kalpataru Retail Ventures Pvt Ltd, and Neo Pharma Pvt Ltd, secured by pledges of KPIL shares held by K. T. Holdings.
In one example, a total facility of Rs. 50 Crores availed by Neo Pharma Pvt Ltd from Infina Finance Private Limited against which the Company has pledged additional 439,000 Equity Shares of Kalpataru Projects International Limited.
Source: BSE
