Aarti Drugs Limited disclosed that two members of its promoter group have encumbered a total of 12,39,771 shares as on March 31, 2026. The filing was submitted to the stock exchanges by Harshit M. Savla, a promoter of the company, in compliance with regulatory requirements.

Mirik Rajendra Gogri encumbered 6,41,814 shares, while Renil Rajendra Gogri encumbered 5,97,957 shares. The declaration confirms that apart from these specific instances, no other encumbrances were created by the promoters or promoter group members during the financial year ended March 31, 2026.

The disclosure was made under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to report any encumbrance of shares to ensure transparency for shareholders.

Promoter and Promoter Group Structure

The filing included an annexure listing the complete structure of the promoter and promoter group entities associated with Aarti Drugs . The list comprises 42 entities, including individuals and corporate bodies.

The promoter group of Aarti Drugs Limited has reduced its stake in the company by 1.67% through a series of market sales and buyback transactions between May 29, 2024, and June 24, 2026. The disclosure, submitted pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details the changes in shareholding by Dilesh Roadlines Private Limited and other members of the promoter group. The total equity share capital of the company decreased from 91,935,000 to 91,270,000 shares following a buyback of 665,000 shares in September 2024.

Shareholding Changes

The transactions resulted in a net disposal of 2,265,795 shares by the promoter group. Dilesh Roadlines Private Limited sold 125,998 shares, while other promoters disposed of 1,769,641 shares. Conversely, the group purchased 370,156 shares through market mechanisms during the specified period. The total promoter and promoter group holding, which previously stood at 55.70%, has now adjusted to 54.43% of the total paid-up capital.

Breakdown of Transactions

The following table summarizes the shareholding changes for the promoter group:

Regulatory Context

The filing was made to the National Stock Exchange of India Limited and BSE Limited to comply with disclosure requirements regarding substantial acquisition and disposal of shares. The reduction in stake is attributed to market sales and the company's buyback program. The diluted share capital used for percentage calculations remained consistent with the equity share capital post-buyback, as there were no outstanding convertible securities or warrants.