I agree may be the details of pledge needs to be further digged out. Do note that promoters are looking out to reduce the pledge. The transcripts details below.
Vinod Makadia: I have two questions. Number one, is there any plan in the long term to bring down the pledging?
Ameera Shah: Definitely, I think the goal at this point of time as a promoter I am not able to create any securities as a lock in for one year, but post the lock in, there is every intention to actually pay down for the debt and reduce the pledge hopefully into much, much lesser.