News Corporate Actions Amin Tannery Promoter Pledges 29.88% Stake for Rs. 20 Crore Working CapitalAmin Tannery Promoter Pledges 29.88% Stake for Rs. 20 Crore Working Capital
Amin Tannery Limited's promoter Veqarul Amin has pledged 29.88% of the company's total share capital as collateral for working capital financing worth Rs. 20.00 crores. The formal disclosure was made to BSE Limited under SEBI takeover regulations, with the pledged shares representing 50.84% of his total promoter holding.
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Amin Tannery Limited's promoter Veqarul Amin has formally disclosed the pledging of a significant portion of his shareholding as collateral for working capital financing. The encumbrance was created on 06-02-2026 and disclosed to BSE Limited on 07-02-2026 in compliance with SEBI regulatory requirements.
Share Encumbrance Details
The promoter has pledged 3,22,62,439 equity shares with SBICAP Trustee Company Limited, representing 29.88% of the company's total share capital. The encumbrance serves as collateral for working capital limit from SBI Overseas Branch Kanpur through its trustee SBICAP Company Limited Mumbai.
| Parameter: | Details |
|---|---|
| Shares Pledged: | 3,22,62,439 equity shares |
| Percentage of Total Share Capital: | 29.88% |
| Date of Encumbrance: | 06-02-2026 |
| Date of Reporting: | 07-02-2026 |
| Entity in Favor: | SBICAP Trustee Company Limited |
| Purpose: | Collateral for working capital limit |
| Amount Involved: | Rs. 20.00 crores |
Promoter Shareholding Structure
Veqarul Amin holds a total of 5,17,38,034 equity shares in the company, representing 47.92% of the total share capital. The pledged shares constitute 50.84% of his total promoter shareholding, which exceeds the 50% threshold requiring detailed disclosure under SEBI regulations.
| Shareholding Details: | Number of Shares | Percentage |
|---|---|---|
| Total Promoter Holding: | 5,17,38,034 | 47.92% |
| Shares Pledged: | 3,22,62,439 | 29.88% |
| Encumbered as % of Promoter Holding: | - | 50.84% |
| Total Promoter Shareholding (All): | 6,34,61,434 | 58.77% |
Regulatory Compliance and Documentation
The disclosure was made under Regulation 29(2) and 31(1) & 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011. The formal communication was addressed to BSE Limited and the company's designated email share@amintannery.in . Since the encumbered shares represent more than 50% of promoter shareholding and more than 20% of total share capital, comprehensive disclosures including purpose and security arrangements were mandatorily required.
Security and Financial Arrangement
The pledged equity shares of Re. 1.00 each aggregate to a face value of Rs. 3,22,62,439 against the financing amount of Rs. 20.00 crores. The arrangement involves SBI Overseas Branch Kanpur as the lender, with SBICAP Trustee Company Limited Mumbai acting as the trustee holding the pledged shares. The encumbrance represents a standard corporate financing arrangement where promoter shares serve as collateral for working capital requirements of the business operations.
Historical Stock Returns for Amin Tannery
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.59% | +6.92% | -3.95% | -18.27% | -37.50% | +88.89% |
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