Ajanta Pharma revises pledge disclosure naming lenders
Promoters of Ajanta Pharma revised disclosures for 66.32 lakh pledged shares to name specific lenders including 360 ONE funds. The shares secure non-convertible debentures via CTL Trusteeship Limited.

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Promoters of Ajanta Pharma have revised their disclosures regarding the pledge of 66,32,651 equity shares to secure non-convertible debentures. The update, submitted to stock exchanges on July 7, 2026, specifies the entities in whose favor the encumbrance was created, naming 360 ONE Income Opportunities Fund series and 360 ONE Prime Ltd as the debenture holders, with CTL Trusteeship Limited acting as the security trustee. The original filing had only named the trustee.
The encumbrance was created on June 2, 2026, and June 30, 2026. The shares, representing 5.31% of the total share capital, were pledged by Aayush Agrawal Trust, Aayush Agrawal, and Gabs Investments Private Limited. The revision was made following a communication from BSE regarding a discrepancy in the earlier submission under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Pledge Details
The table below outlines the revised shareholding and encumbrance details for the promoters involved:
| Name of Promoter | Number of Shares Pledged | Date of Creation | Post-Event Encumbered Holding (Shares) | Post-Event Encumbered Holding (%) |
|---|---|---|---|---|
| Aayush Agrawal Trust | 38,32,651 | 2 June 2026 & 30 June 2026 | 1,14,45,087 | 9.16% |
| Gabs Investments Private Limited | 27,70,000 | 2 June 2026 | 27,70,000 | 2.22% |
| Aayush Agrawal | 30,000 | 30 June 2026 | 30,000 | 0.02% |
The total encumbered shares reported in the revised disclosure stand at 1,42,45,087 shares, or 11.40% of the total share capital. The equity share capital of Ajanta Pharma remains at ₹24,98,71,248, comprising 12,49,35,624 equity shares with a face value of ₹2 each.
Historical Stock Returns for Ajanta Pharma
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.04% | +5.31% | +13.04% | +28.79% | +27.99% | +138.34% |
What impact will this increased promoter encumbrance have on investor confidence and the stock's liquidity?
Could the revision in disclosure lead to further regulatory scrutiny from SEBI regarding Ajanta Pharma's compliance practices?
What are the specific terms of the non-convertible debentures, and what triggers could force the invocation of the pledged shares?































