Jyoti CNC promoter pledges 15 lakh shares to Jio Credit for business loan
- Anilkumar Bhikhabhai Virani pledged 15,00,000 shares (0.66%) to Jio Credit Limited
- The pledge serves as security for a loan extended for the promoter's business
- Virani's total encumbered stake rises from 8.91% to 9.57% of total share capital
- Disclosure filed under SEBI SAST Regulations on August 26, 2026
- Other promoters reported no change in their share encumbrance status
*this image is generated using AI for illustrative purposes only.
Jyoti CNC Automation promoter Anilkumar Bhikhabhai Virani created a pledge on 15,00,000 shares, representing 0.66% of the total share capital, in favor of Jio Credit Limited. The encumbrance was registered on August 20, 2026, and disclosed to stock exchanges on August 26, 2026.
The pledge was created as security for a loan extended for the promoter’s business purposes. This regulatory filing was made in compliance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Promoter Holding Details
Prior to this event, Virani held 3,28,56,340 shares, constituting 14.45% of the company’s total equity. Of this holding, 2,02,52,000 shares (8.91%) were already encumbered.
| Metric | Pre-Event | Event Size | Post-Event |
|---|---|---|---|
| Promoter Holding | 3,28,56,340 shares (14.45%) | - | - |
| Encumbered Shares | 2,02,52,000 shares (8.91%) | 15,00,000 shares (0.66%) | 2,17,52,000 shares (9.57%) |
Following the creation of the new pledge, the total number of encumbered shares held by Virani stands at 2,17,52,000, or 9.57% of the total share capital.
Other Promoter Holdings
Other promoters and persons acting in concert (PACs) reported no changes in their encumbrance status during this period. Their current holdings remain as follows:
- Parakramsinh Ghanshyamsinh Jadeja: 6,11,88,760 shares (26.91%), with no encumbrance.
- Sahdevsinh Lalubha Jadeja: 66,85,400 shares (2.94%), with no encumbrance.
- Vikramsinh Raghuvirsinh Rana: 45,47,500 shares (2.00%), with no encumbrance.
- Jyoti International LLP: 3,67,48,995 shares (16.16%), with no encumbrance.
- Vijaysinh Pravinsinh Zala: 2,19,500 shares (0.10%), with no encumbrance.
Historical Stock Returns for Jyoti CNC Automation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.30% | +8.99% | +27.38% | +20.78% | +6.58% | 0.0% |
How might the increase in promoter pledge percentage to 9.57% impact Jyoti CNC Automation's credit rating or future borrowing costs?
What are the potential implications for minority shareholders if the promoter faces liquidity issues regarding the loan secured by Jio Credit Limited?
Will this additional encumbrance affect the company's ability to raise fresh capital or execute strategic acquisitions in the near term?
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