Eveready Industries India promoters declare no encumbrance on shares in FY26

1 min read Updated on 28 May 2026, 12:02 AM

Reviewed by

Suketu GScanX News Team

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Eveready Industries India Ltd promoters and PAC declared no encumbrance on 2,78,91,360 equity shares during FY26, as per SEBI SAST Regulations. M.B. Finmart Pvt. Ltd. leads the holding with 85.82 lakh shares. The disclosure was filed on April 7, 2026, confirming shares were free from pledges or charges.

*this image is generated using AI for illustrative purposes only.

The promoters of eveready industries India Ltd, including Persons Acting in Concert (PAC), have confirmed that no encumbrance was created on their equity holdings during the financial year ended March 31, 2026. This declaration was submitted to the stock exchanges pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure ensures transparency regarding the financial leverage or pledging of promoter shares, a key metric for investor confidence.

The filing, dated April 7, 2026, was submitted on behalf of the promoters and PAC by Puran Associates Private Limited. It explicitly states that the group has not encumbered the said equity shares, directly or indirectly, throughout FY26. The total holding subject to this declaration comprises 2,78,91,360 equity shares of ₹5 each as on March 31, 2026.

The ownership structure detailed in the annexure shows a distribution among five entities. M.B. Finmart Pvt. Ltd. holds the largest stake with 85,82,449 shares, followed closely by Puran Associates Pvt Ltd with 84,00,428 shares. V I C Enterprises Pvt Ltd holds 83,92,920 shares, while Gyan Enterprises Pvt Ltd and Chowdry Associates hold 14,15,863 and 10,99,700 shares respectively.

Shareholding Breakdown

The following table details the shareholding of the promoters and PAC as of March 31, 2026:

S. No	Names of Promoters and Person acting in Concert (PAC)	Number of shares of ₹5 each
1	M.B. Finmart Pvt. Ltd.	85,82,449
2	Puran Associates Pvt Ltd	84,00,428
3	V I C Enterprises Pvt Ltd	83,92,920
4	Chowdry Associates	10,99,700
5	Gyan Enterprises Pvt Ltd	14,15,863
	Total	2,78,91,360

The declaration was addressed to the National Stock Exchange of India Ltd, BSE Limited, The Calcutta Stock Exchange Limited, and Eveready Industries India Ltd. The confirmation of no encumbrance indicates that the promoter group's shareholding remains free from pledges or charges, which is typically viewed as a positive governance indicator by the market.

Historical Stock Returns for Eveready Industries

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.47%	+0.08%	+0.36%	-5.03%	+1.95%	-0.97%

How will this clean, unpledged holding position influence Eveready Industries' ability to raise future capital or secure corporate debt?

Does the absence of encumbrance signal a strategic shift by the promoters towards long-term retention rather than divestment?

What impact will this governance signal have on institutional investor sentiment and stock liquidity in the upcoming quarters?

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Eveready Industries India Limited receives IGST penalty order

1 min read Updated on 26 May 2026, 02:38 AM

Reviewed by

Anirudha BScanX News Team

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Eveready Industries India Limited received a demand order from the State Tax Officer, State Goods & Services Tax, Haridwar, Uttarakhand, imposing a penalty of Rs.12,66,202. The order, dated May 24, 2026, was issued under the Integrated Goods and Services Tax (IGST) regulations. The company stated that the penalty arose due to a truck seizure caused by a minor typographical error in the E-Way Bill for financial year 2026-27. The company received the order on May 25, 2026, via download from the GSTN portal. According to the disclosure, the order was passed as DRC-07 Ref. No. ZD050526011223Y. The penalty relates to actions taken by the GST Authority regarding the contravention. Eveready Industries confirmed that it will file a necessary appeal with the appellate authority against the order. The company clarified that there is no impact on its financial, operational, or other activities as a result of this demand order.

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The company received the order on May 25, 2026, via download from the GSTN portal. According to the disclosure, the order was passed as DRC-07 Ref. No. ZD050526011223Y. The penalty relates to actions taken by the GST Authority regarding the contravention.

eveready industries confirmed that it will file a necessary appeal with the appellate authority against the order. The company clarified that there is no impact on its financial, operational, or other activities as a result of this demand order.

The following table details the specifics of the order and the company's response:

Sl. No.	Particulars	Description
1.	Name of the authority	State Tax Officer, State Goods & Services Tax, Haridwar, Uttarakhand
2.	Nature and details of the action(s) taken or order(s) passed	Demand Order in DRC-07 Ref. No. ZD050526011223Y dated 24-05-2026 for penalty of IGST of Rs.12,66,202/-
3.	Date of receipt of direction or order	25.05.2026 at 10.30 a.m. on download from GSTN portal
4.	Details of the violation(s) / contravention(s) committed	The Order has been passed by the GST Authority on 24-05-2026 for financial year 2026-27, on account of Truck seizure due to minor typographical error in the E-Way Bill
5.	Impact on financial, operation or other activities	The Company will file necessary appeal with the appellate authority in this regard. There is no impact on financial, operational or other activities of the Company