Rajapalayam Mills Limited has officially disclosed the creation of a new pledge on 7,05,800 equity shares of The Ramco Cements Limited. This action, dated July 23, 2026, adds to an existing pledge of 4,00,000 shares. The new encumbrance was created in favour of TATA Capital Limited, further details of which are provided in the attached disclosure.
Rajapalayam Mills Limited Discloses Share Encumbrance
Rajapalayam Mills Limited has made a significant disclosure to the stock exchanges and the target company, The Ramco Cements Limited, regarding the encumbrance of its shares. The company has created a new pledge involving 7,05,800 equity shares of The Ramco Cements Limited. This action was taken on July 23, 2026, and the shares have been pledged in favour of TATA Capital Limited.
Details of the New Pledge
This newly created pledge of 7,05,800 shares, representing 0.30% of the total share capital, is in addition to an existing pledge of 4,00,000 equity shares. The total number of promoter holding in The Ramco Cements Limited as of the reporting date is 10,05,54,774 shares, constituting 42.56% of the total share capital. Following the new pledge, the promoter holding already encumbered stands at 2,14,76,689 shares, representing 9.09% of the total share capital.
Post-Event Holding
After the creation of this new pledge, the total post-event holding of encumbered shares by Rajapalayam Mills Limited in The Ramco Cements Limited is 2,21,82,489 shares, accounting for 9.39% of the total share capital. The purpose of the encumbrance is stated as Security for borrowing.
Source: BSE
