Jyoti CNC promoter pledges 10 lakh shares to Bajaj Finance
- Promoter Anilkumar Bhikhabhai Virani pledged 10,00,000 shares to Bajaj Finance Limited on September 28, 2026
- Total encumbered shares rise to 1,52,40,000, representing 6.70% of total share capital
- The pledge is secured against a loan extended for business purposes
- Other promoters and PACs reported no encumbrances during the period
*this image is generated using AI for illustrative purposes only.
Jyoti CNC Automation Limited promoter Anilkumar Bhikhabhai Virani has created a new pledge of 10,00,000 shares in favour of Bajaj Finance Limited. The encumbrance was recorded on September 28, 2026, effectively reversing the position following a recent release of shares from Aditya Birla Capital Limited.
The disclosure was filed with the stock exchanges on September 28, 2026, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares were pledged as security for a loan extended for business purposes.
Pledge Creation Details
The creation event involved 10,00,000 shares, representing 0.44% of the total share capital. Following this transaction, the number of shares remaining under encumbrance for Anilkumar Bhikhabhai Virani stands at 1,52,40,000, which constitutes 6.70% of the company's total share capital.
Prior to this pledge, the promoter had 1,42,40,000 shares encumbered, accounting for 6.26% of the share capital. His total holding in the company remains at 3,28,56,340 shares, or 14.45% of the total share capital.
Promoter Holdings Overview
The filing also detailed the holdings of other promoters and persons acting in concert (PACs). No encumbrances were reported for these entities during the period.
| Promoter / PAC | Total Holding (Shares) | % of Share Capital | Encumbered Shares (Post-Event) |
|---|---|---|---|
| Anilkumar Bhikhabhai Virani | 3,28,56,340 | 14.45% | 1,52,40,000 |
| Parakrampsinh Ghanshyamsinh Jadeja | 6,11,88,760 | 26.91% | Nil |
| Jyoti International LLP | 3,67,48,995 | 16.16% | Nil |
| Sahdevsinh Lalubha Jadeja | 66,85,400 | 2.94% | Nil |
| Vikramsinh Raghuvirsinh Rana | 45,47,500 | 2.00% | Nil |
| Vijaysinh Pravinsinh Zala | 2,19,500 | 0.10% | Nil |
What the Numbers Show
The creation of this pledge restores the promoter's encumbered balance to 1,52,40,000 shares, matching the level prior to the recent release from Aditya Birla Capital Limited. Consequently, the pledged portion of his holding increases from 6.26% to 6.70% of the total share capital. The concentration of pledges remains isolated to Anilkumar Bhikhabhai Virani, as no other major promoters reported any encumbrances.
Historical Stock Returns for Jyoti CNC Automation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.44% | +0.86% | +6.42% | +39.32% | +14.93% | +146.06% |
What specific business expansion or capital expenditure projects is the borrowed capital intended to fund?
How might the increased promoter pledging ratio impact institutional investor sentiment and stock volatility in the near term?
Are there any upcoming debt maturity schedules for the pledged shares that could trigger forced selling if share prices decline?
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