Seshagiri Rao Jasti, Promoter & Managing Director of Keerthi Industries Limited, has announced the release of a pledge on 24,05,021 equity shares. This release represents 30% of the company’s paid-up capital. The disclosure, made on August 11, 2026, informs stakeholders about the change in the encumbrance status of these shares, impacting the total unencumbered holding.
Disclosure of Share Pledge Release
In a significant announcement on August 11, 2026, Seshagiri Rao Jasti, a key promoter and the Managing Director of Keerthi Industries Limited, has formally disclosed the release of a pledge on a substantial block of equity shares. The shares in question, numbering 24,05,021, constitute approximately 30% of the company’s total paid-up equity capital. This release pertains to shares previously held under encumbrance.
Impact on Shareholding
Prior to this release, Seshagiri Rao Jasti’s holdings included 676,538 shares free of pledge (8.44% of total capital) and 24,05,021 shares under encumbrance (30% of total capital). Following the release of the pledge on these 24,05,021 shares, his total unencumbered holding in Keerthi Industries Limited now stands at 30,81,559 shares, representing 38.44% of the total share capital. This change signifies a reduction in the pledged portion of his stake and an increase in his freely available shares.
Transaction Details
The transaction, categorized as a ‘Release of pledge’, took place on August 10, 2026. Keerthi Industries Limited has a total equity share capital of 80,16,738 equity shares of ₹10 each, aggregating to ₹8,01,67,380. The announcement ensures transparency regarding the promoter’s shareholding and associated encumbrances, a key factor for investor consideration.
Source: BSE
