Granules India Ltd

(vagator10) #679

Dear Mr. Parag, thanks for sharing.

Came across two announcements:

  1. 21st of March: Release of 3.59 crore pedged shares.
  2. 22nd of March: Pledge of 4.76 crore pledged shares

Looks like transfer of pledge and additional pledging.

Pledging had come down materially from Sep to Dec.Previously, the management had guided that they will bring down the pledge by Q4FY18. Thus the status as of March will throw more light.

(mrai74) #680

The Gagillapur and Jeedimetla facilities located at Hyderabad, Telangana has completed the USFDA inspection from 19th March to 23rd March 2018 with zero Form 483 observations for Gagillapur facility and with One Form 483 observation for Jeedimetla facility.

We have seen granules digested all good news in recent past without any impact on price movement. It will be interesting to see how it behaves on the observation received for Jeedimetla.

(rskothari) #681

Pledged shares as on March 31 is 41.73% of promoters holding
19.94% shares are locked in. What is the meaning of it?