There may be many reasons for pledging of share with Banks or FI’s, we never know what purpose it would have been done for.
My take, may be a personal reason might be there for promoters doing that. Not linked to business operations.
Just analysing based on logic
@Thomala_Sainath - Yeah even I was thinking of Personal reasons mostly, which ideally is not a good sign from investor perspective. I guess with just 4.3% pledged, it might be ok for now. But might need to monitor further
You’re right, around Dec 2024 promoter KA Joseph had pledged about 4.3% of shares. But as per the Q1 FY26 shareholding report, those shares have now been fully unpledged. Looks like it was just a short-term arrangement.
@vikasreddy - I still see the pledge as 4.29% in Screener. Can you please cross-check? Also can you provide a link to the shareholding report where you saw it as unpledged?
