Madhya Bharat Agro Products confirms no promoter shares encumbered in FY26
Madhya Bharat Agro Products Ltd disclosed to the National Stock Exchange of India Ltd that none of its promoters or promoter group members have encumbered their shares as of March 31, 2026. Promoter Pankaj Ostwal confirmed no new encumbrances were created during FY26. The filing includes a detailed list of all promoters and promoter group members.

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Madhya Bharat Agro Products Ltd confirmed that none of its promoters or promoter group members have encumbered their shares as of March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Ltd, ensures compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory requirement mandates transparency regarding any pledging or encumbrance of shares by promoters to safeguard shareholder interests.
The company stated that it received formal disclosures confirming the absence of any encumbrance by the promoters, the promoter group, or persons acting in concert. The certification covers the status of shareholdings as of the specified date, providing clarity on the financial standing of the key stakeholders in the company.
Promoter Confirmation
Pankaj Ostwal, a promoter of Madhya Bharat Agro Products Ltd , provided a personal declaration on behalf of the promoters and the promoter group. He confirmed that no new encumbrances, direct or indirect, were created during the financial year ended March 31, 2026, other than those previously disclosed.
The complete list of the promoter and promoter group is enclosed in Annexure-A attached to the regulatory filing. The communication was signed by Pallavi Sukhwali, Company Secretary, and Pankaj Ostwal, affirming the accuracy of the information provided to the stock exchange.
Promoter and Promoter Group Details
The following table lists the individuals and entities comprising the promoter and promoter group of the company as of the disclosure date:
| S.No | Name |
|---|---|
| Promoter | |
| 1 | Mahendra Kumar Ostwal |
| 2 | Pankaj Ostwal |
| 3 | Praveen Ostwal |
| 4 | Ostwal Phoschem India Limited |
| Promoter Group | |
| 1 | Ekta Kanthed |
| 2 | Anant Ostwal |
| 3 | Pehal Ostwal |
| 4 | Charvee Ostwal |
| 5 | Shanti Lal Kanther |
| 6 | Noratan Devi Kanther |
| 7 | Kavita Kachara |
| 8 | Nitu Jain |
| 9 | Suryansh Ostwal |
| 10 | Kavya Ostwal |
| 11 | Ashok Kumar Parakh |
| 12 | Meena Devi Parakh |
| 13 | Navin Jain |
| 14 | Sagar Mal Ostwal |
| 15 | Rajendra Prasad Ostwal |
| 16 | Ashok Kumar Ostwal |
| 17 | Prem Singh Kothari |
| 18 | Shrawan Singh Kothari |
| 19 | Mahendra Singh Kothari |
| 20 | Jaswant Devi Dangi |
| 21 | Puspha Devi Lodha |
| 22 | Krishana Phoschem Limited |
| 23 | Seasons International Private Limited |
| 24 | Nirmala Realinfrastructure Private Limited |
| 25 | Kanchi Resorts Private Limited |
| 26 | Shri Ganpati Fertilizers Private Limited |
| 27 | R.V. Spinners Pvt. Ltd. |
| 28 | Pankaj Ostwal HUF |
| 29 | Praveen Ostwal HUF |
| 30 | Mahendra Kumar Ostwal HUF |
| 31 | Smt. Nirmala Devi Ostwal Seva Sansthan |
| 32 | Strive4x Infotech Private Limited |
| 33 | Ostwal Infra Private Limited |
Historical Stock Returns for Madhya Bharat Agro
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.08% | +8.60% | +18.48% | +63.88% | +62.82% | +2,117.06% |
How will the absence of promoter share encumbrance influence investor confidence and the stock's liquidity in the upcoming quarters?
Does this clean promoter holding position position Madhya Bharat Agro Products for potential capital raising or expansion initiatives in the near future?
How might this disclosure impact the company's credit ratings and its ability to secure favorable borrowing terms compared to industry peers?































