Promoter and Vice Chairman & MD, Davuluri Saharsh Rao, has reported the creation of an encumbrance on his shares in Neuland Laboratories Limited. As of March 25, 2026, 96,000 shares, representing 0.75% of the total share capital, were pledged to Aditya Birla Money Limited. This action was taken as collateral for a Personal Borrowing, as disclosed under the applicable SEBI (SAST) Regulations.
Promoter Encumbrance Disclosure for Neuland Laboratories
This filing serves as a formal disclosure by Promoter Davuluri Saharsh Rao regarding the creation of an encumbrance against shares held in Neuland Laboratories Limited, the Target Company (TC). The disclosure date is March 26, 2026, covering an event that occurred on March 25, 2026.
Details of Share Encumbrance Creation
The primary event detailed is the Creation of a Pledge on a portion of Mr. Rao’s holdings for Personal Borrowing purposes. The shares were pledged in favor of Aditya Birla Money Limited.
Holding Status Before and After Encumbrance
The disclosure confirms that prior to this event, Mr. Davuluri Saharsh Rao held 1,95,125 shares, representing 1.52% of the total share capital, with 0.00% previously encumbered. Post-creation of this pledge, the shares encumbered stand at 96,000, equaling 0.75% of the total capital.
Related Promoter Holdings Disclosure
The report also captures the total holdings of other related promoters and PACs as of the reporting date, though no encumbrance events were reported for them:
Filing Confirmation
This disclosure has been submitted to both the BSE Limited and the National Stock Exchange of India Limited for their records. The document was signed by Davuluri Saharsh Rao, Promoter and Vice Chairman & MD, from New York, USA, on March 26, 2026.
Source: BSE
