BlackBuck revises share encumbrance disclosure under SEBI SAST
BlackBuck Limited revised its share encumbrance disclosure to BSE and NSE, correcting a previous filing from June 30, 2026. The update specifies that Promoter Ramasubramanian Balasubramaniam pledged 630,000 shares (0.35%) to 360 One Distribution Services Limited for personal borrowing. Other promoters, including Chanakya Hridaya and Rajesh Kumar Naidu Yabaji, reported no encumbrances.

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BlackBuck Limited has submitted a revised disclosure to the stock exchanges regarding the encumbrance of shares by a promoter, complying with Regulations 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing, submitted on July 13, 2026, corrects a discrepancy identified by BSE Limited in the company's initial submission on June 30, 2026. The updated disclosure now includes the specific reason for the encumbrance and adheres to the latest format mandated by SEBI circulars.
The revision pertains to Ramasubramanian Balasubramaniam, Promoter & Executive Director of black buck . According to the filing, Balasubramaniam created a pledge on 630,000 shares on June 29, 2026. The encumbrance was established in favor of 360 One Distribution Services Limited to facilitate personal borrowing. Following this transaction, the total encumbered shares held by the promoter stand at 630,000, which constitutes 0.35% of the company's total share capital.
The disclosure details the shareholding and encumbrance status of all promoters as of the reporting date. While Balasubramaniam holds a total of 12,612,601 shares, representing 6.94% of the capital, other promoters such as Chanakya Hridaya and Rajesh Kumar Naidu Yabaji hold 7.40% and 10.64% respectively, with no reported encumbrances. The company confirmed that apart from the inclusion of the reason for encumbrance and the format update, there are no other changes to the original disclosure.
Shareholding and Encumbrance Details
| Promoter Name | Total Shares Held | % of Total Share Capital | Encumbered Shares | % of Total Share Capital | Pledgee | Reason for Encumbrance |
|---|---|---|---|---|---|---|
| Ramasubramanian Balasubramaniam | 12612601 | 6.94 | 630000 | 0.35 | 360 One Distribution Services Limited | Personal Borrowing |
| Chanakya Hridaya | 13454797 | 7.40 | - | - | - | - |
| Rajesh Kumar Naidu Yabaji | 19341146 | 10.64 | - | - | - | - |
| Rajkumari Yabaji | 126951 | 0.07 | - | - | - | - |
Historical Stock Returns for Black Buck
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.82% | +2.66% | +4.83% | -8.21% | +29.03% | +120.77% |
Could this personal borrowing signal potential financial stress for the promoter, and might other promoters follow suit?
How will the market interpret this encumbrance regarding the promoter's confidence in the company's future performance?
Is there a risk of increased pledge shares if the promoter's personal financial needs grow further?































