Anmol India Limited promoter Chakshu Goyal has pledged 3,295,400 equity shares to State Bank of India as collateral for a ₹155 crore credit facility.

The pledge, created on September 2, 2026, serves as security for loans availed by the company for working capital and general corporate requirements. The move brings the total encumbered portion of the promoter group’s holding to 25%.

Pledge Details

The transaction was disclosed under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares were pledged in favour of SBI on September 2, 2026.

Impact on Promoter Holding

Prior to this event, Chakshu Goyal held 10,679,400 shares (18.76% of total share capital), of which 6,728,500 shares (11.82%) were already encumbered. Following the new pledge, his total encumbered holding stands at 10,023,900 shares, representing 17.61% of the total share capital.

The other promoter, Tilak Raj, holds 11,564,000 shares (20.32%), with 4,208,400 shares (7.39%) already encumbered. No new encumbrance was created over Tilak Raj’s holding.

What the Numbers Show

The combined promoter group holds 28,573,550 shares, constituting 50.20% of the total share capital. With 7,134,300 additional shares now encumbered by Goyal, the total encumbered promoter stake reaches 25%. This level exceeds both the 20% threshold of total share capital and half of the promoter group’s total holding, triggering specific disclosure requirements under SEBI regulations.

The ratio of the value of the pledged shares (₹2.78 crore) to the total loan amount (₹155 crore) is 1.80, indicating that the pledged equity represents a small fraction of the total debt secured.

Anmol India Limited delivered a significant improvement in profitability for the financial year ended March 31, 2026. The coal trading company reported a 61% year-on-year rise in net profit after tax (PAT), reaching ₹11.31 crore compared to ₹6.99 crore in the previous fiscal year.

Financial Performance

Revenue from operations grew by 11.09% to ₹1,416.57 crore in FY26, up from ₹1,274.26 crore in FY25. This top-line expansion was supported by higher trade volumes and strategic sourcing initiatives across domestic and international markets.

Earnings before interest, tax, depreciation, and amortization (EBITDA) increased to ₹28.99 crore from ₹25.67 crore. The company maintained a disciplined approach to cost management, with total expenses rising to ₹1,397.42 crore from ₹1,258.39 crore.

What the Numbers Show

The divergence between revenue growth and profit expansion highlights improved operational leverage. While revenue grew by 11%, net profit surged by over 61%. This acceleration was primarily driven by a reduction in finance costs, which fell to ₹13.03 crore from ₹15.65 crore in the prior year. Lower interest expenses significantly boosted the bottom line despite modest growth in operating margins.

Balance Sheet and Capital Structure

Total assets stood at ₹34,419.43 lakh, with current assets comprising ₹33,903.76 lakh. Inventory levels decreased to ₹7,584.02 lakh from ₹9,473.54 lakh, indicating efficient stock management. Trade receivables rose to ₹9,195.80 lakh from ₹7,205.62 lakh.

Total borrowings declined to ₹19,731.36 lakh (combining non-current and current liabilities) from ₹21,960.82 lakh. The debt-equity ratio improved to 0.34 from 0.38, reflecting a stronger capital position. The interest coverage ratio rose to 2.17 from 1.64, enhancing financial stability.

Corporate Governance and AGM

The Board of Directors decided not to recommend any dividend for FY26, opting to conserve resources for future requirements. The 28th Annual General Meeting is scheduled for September 26, 2026, at the company's registered office in Ludhiana.

Key agenda items include the re-appointment of Whole Time Director Mr. Chakshu Goyal, who retires by rotation. Additionally, shareholders will vote on a special resolution to approve loans totaling up to ₹25 crore to Anmol Fincap Limited, a related party in which directors hold interests.