Jyoti CNC Automation promoter pledges 17.40 lakh shares for business loan
- Anilkumar Bhikhabhai Virani pledged 17.40 lakh shares of Jyoti CNC Automation
- The pledge was created as security for a business loan from Poonawalla Fin Corp Limited
- Virani's total encumbered stake rose to 8.66% of the company's share capital
- Other promoters hold significant unencumbered stakes totaling over 48%
*this image is generated using AI for illustrative purposes only.
Jyoti CNC Automation promoter Anilkumar Bhikhabhai Virani pledged 17.40 lakh shares on August 27, 2026, increasing his encumbered stake to 8.66% of total share capital.
The disclosure was filed with stock exchanges and the company on September 4, 2026, in compliance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Encumbrance Details
Virani created the pledge as security for a loan extended for his business purposes. The shares were pledged in favor of Poonawalla Fin Corp Limited.
| Metric | Value |
|---|---|
| Promoter | Anilkumar Bhikhabhai Virani |
| Shares Pledged | 17,40,000 |
| Stake Pledged | 0.77% |
| Total Encumbered Stake | 8.66% (1,96,92,000 shares) |
| Lender | Poonawalla Fin Corp Limited |
Promoter Holding Structure
Virani holds 3,28,56,340 shares, representing 14.45% of the company’s total share capital. Prior to this event, he had already encumbered 1,79,52,000 shares (7.89%).
Other promoters in the group maintain unencumbered holdings:
- Parakrampsinh Ghanshyamsinh Jadeja: 6,11,88,760 shares (26.91%)
- Jyoti International LLP: 3,67,48,995 shares (16.16%)
- Sahdevsinh Lalubha Jadeja: 66,85,400 shares (2.94%)
- Vikramsinh Raghuvirsinh Rana: 45,47,500 shares (2.00%)
- Vijaysinh Pravinsinh Zala: 2,19,500 shares (0.10%)
Historical Stock Returns for Jyoti CNC Automation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.71% | +2.02% | +28.66% | +25.77% | +12.63% | 0.0% |
How might the increasing promoter pledge ratio to 8.66% impact Jyoti CNC Automation's stock volatility and investor sentiment in the near term?
What specific business expansions or capital requirements are driving Anilkumar Bhikhabhai Virani's need for additional secured loans?
Could the rising encumbrance on promoter shares trigger any regulatory scrutiny or affect the company's credit rating from agencies like CRISIL or ICRA?
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