Ester Industries promoters declare no encumbrance on shares for FY26
Ester Industries Limited filed a declaration on April 6, 2026, confirming no encumbrance on promoter shares for FY26. The disclosure, made under SEBI regulations, lists 31 promoter and promoter group entities.

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Ester Industries Limited has disclosed that its promoters and members of the promoter group have not created any encumbrance on the shares held by them during the financial year ended March 31, 2026. The declaration was submitted by Arvind Singhania on behalf of the promoters and Persons Acting in Concert (PAC) in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
The communication confirms that no new encumbrances, whether direct or indirect, were established on the shares of ester industries other than those that had been previously disclosed. This filing serves to inform the stock exchanges and update the records regarding the status of the shareholding pattern.
Promoter and Promoter Group Details
The company provided an annexure detailing the composition of the promoter and promoter group as of March 31, 2026. The list includes 31 entities and individuals classified as either promoters or members of the promoter group.
| Sr. No. | Name(s) of the Person | Promoter/Promoter Group/PAC |
|---|---|---|
| 1 | Arvind Singhania | Promoter |
| 2 | Wilemina Finance Corp. | Promoter |
| 3 | Uma Devi Singhania | Promoter Group |
| 4 | Ayush Vardhan Singhania | Promoter Group |
| 5 | Jai Vardhan Singhania | Promoter Group |
| 6 | Archana Singhania | Promoter Group |
| 7 | Anjali Jaipuria | Promoter Group |
| 8 | Sarita Saraf | Promoter Group |
| 9 | Chander Bala Modi | Promoter Group |
| 10 | Fenton Investments Private Limited | Promoter Group |
| 11 | Modi Rubber Limited | Promoter Group |
| 12 | Vigyan Yoga Private Limited | Promoter Group |
| 13 | Rekha Finance and Investment Private Limited | Promoter Group |
| 14 | Citrus & Honey Apparels Private Limited | Promoter Group |
| 15 | PDJ Properties and Investment Services LLP | Promoter Group |
| 16 | MMB Sales (India) Pvt Ltd | Promoter Group |
| 17 | Mod Fashions & Securities Pvt Ltd | Promoter Group |
| 18 | Bharat Marketing and Advertising Company Private Limited | Promoter Group |
| 19 | A La Mode Garments Pvt Ltd | Promoter Group |
| 20 | Leaf Investment Pvt Ltd | Promoter Group |
| 21 | Possibility Edutech Private Limited | Promoter Group |
| 22 | Jaipuria Edutech Foundation | Promoter Group |
| 23 | Ginni Energy Pvt. Ltd. | Promoter Group |
| 24 | Borodrill Commercial Company Private Limited | Promoter Group |
| 25 | Petal Commercial Private Limited | Promoter Group |
| 26 | Ginni International Limited | Promoter Group |
| 27 | Shishir Finstock Private Limited | Promoter Group |
| 28 | Vinay Kumar Modi | Promoter Group |
| 29 | Alok Kumar Modi | Promoter Group |
| 30 | Movi Ltd | Promoter Group |
| 31 | Goldring Investments Corporation | Promoter Group |
The declaration was addressed to BSE Limited and National Stock Exchange of India Limited (NSE) on April 6, 2026. The document was signed by Arvind Singhania, representing himself, other promoters, and members of the promoter group and PAC.
Historical Stock Returns for Ester Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.08% | -1.29% | +5.61% | -15.25% | -19.12% | -32.48% |
Could the clean encumbrance record signal Ester Industries promoters are preparing for a potential stake increase or open market acquisition in the near future?
How might the diverse 31-member promoter group structure, spanning multiple industries like rubber, education, and energy, influence Ester Industries' future strategic direction or diversification plans?
Given the consistent absence of share encumbrances, what does this indicate about the promoters' financial health and their capacity to fund Ester Industries' upcoming capital expenditure or expansion projects?


































