Seshagiri Rao Jasti, Managing Director and promoter of Keerthi Industries Limited , has released the pledge on 24,05,021 equity shares of the company. The release, effective August 10, 2026, removes all encumbrances from Jasti’s holdings, strengthening the promoter group’s unencumbered stake in the Hyderabad-based engineering firm.

The disclosure was made under Regulation 31(1) and 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Jasti notified the Company Secretary and Compliance Officer as well as BSE Limited on August 11, 2026.

Shareholding Pattern Changes

Prior to this transaction, Jasti held a total of 30,81,559 equity shares, representing 38.44% of the company’s paid-up capital. Of these, 6,76,538 shares (8.44%) were free of pledge, while 24,05,021 shares (30%) were under encumbrance in favor of Axis Bank Limited for availing credit facilities.

Following the release of the pledge, Jasti’s total holding remains unchanged at 30,81,559 shares or 38.44%. However, the composition of these holdings has shifted entirely to free shares. The number of encumbered shares is now nil.

Capital Structure

The total equity share capital of Keerthi Industries Limited stands at 80,16,738 equity shares of ₹10 each, aggregating to ₹8,01,67,380. This capital structure remained unchanged by the pledge release transaction. The total diluted share/voting capital also remains at 80,16,738 equity shares.

What the Numbers Show

The complete removal of pledged shares from the promoter’s portfolio eliminates the immediate risk of forced sell-offs associated with margin calls or liquidity crunches for the controlling stakeholder. With 38.44% of the voting power now fully unencumbered, the promoter group retains significant control over corporate decisions without collateral constraints. This move often signals improved liquidity management or debt restructuring within the promoter group, providing stability to the company’s ownership structure.

Keerthi Industries Limited will transfer the final dividend declared for the financial year 2018-19 to the Investor Education and Protection Fund (IEPF) as it remained unclaimed for seven consecutive years. The due date for the transfer is October 25, 2026. The corresponding equity shares on which the dividends were unclaimed will also be transferred to the IEPF authority in accordance with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.

The company has informed that individual notices are being sent to all affected shareholders. Full details of the shareholders whose shares are liable to be transferred have been made available on the company's website.

Shareholders holding shares in physical form will have their original share certificates automatically cancelled, while duplicate certificates will be issued and transferred to the IEPF. For those holding shares in electronic form, the demat accounts will be debited for the shares liable for transfer.

Key Dates and Actions

Shareholders are requested to lodge a valid claim on or before October 5, 2026, to enable the company to process the same. If no valid claim is received by this date, the company will proceed to transfer the liable dividend and equity shares in favour of the IEPF authority without further notice. The company stated that no claims shall lie against it regarding the unclaimed dividend amount and shares transferred to IEPF. Shareholders can claim both shares and dividend from the IEPF authority by submitting an application in Form IEPF-5 online after obtaining an entitlement letter from the company.