NR Agarwal Industries Completes ₹427 Cr Promoter Share Pledge Release
NR Agarwal Industries has successfully completed the release of pledged promoter shares worth ₹426.80 crores by SBI CAP Trustee Company Limited, covering 1,25,16,998 equity shares representing 73.55% of total share capital. While this major pledge created in March 2022 has been fully released, the company maintains a separate non-disposal undertaking with Axis Bank Limited worth ₹112 crores with strong security coverage of ₹618.84 crores.
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N R Agarwal Industries Limited has successfully completed the release of pledged promoter shares by SBI CAP Trustee Company Limited. The pledge release, executed on December 16, 2025, covers 1,25,16,998 equity shares representing 73.55% of the company's total share capital, with the formal disclosure made on December 18, 2025.
Complete Pledge Release Details
SBI CAP Trustee Company Limited has released its entire pledge holding in the company, marking the end of an encumbrance that was originally created on March 7, 2022. The released shares were pledged against a loan facility of ₹426.80 crores for the benefit of the listed company against term loan requirements.
| Parameter: | Before Release | After Release |
|---|---|---|
| Pledged Shares: | 1,25,16,998 | NIL |
| Percentage of Capital: | 73.55% | 0.00% |
| Loan Amount: | ₹426.80 crores | Released |
| Security Cover: | ₹265.36 crores | N/A |
Promoter-wise Pledge Release Breakdown
The pledge release affects three key promoters who had encumbered their entire holdings. All promoter shares previously pledged have now been completely released from the SBI CAP arrangement.
| Promoter Name: | Shares Released | Percentage Released |
|---|---|---|
| R N Agarwal: | 79,78,105 | 46.88% |
| Reena Agarwal: | 45,38,861 | 26.67% |
| Raunak Agarwal: | 32 | 0.00% |
Current Encumbrance Structure
While the SBI CAP pledge has been completely released, the company maintains a separate non-disposal undertaking with Axis Bank Limited created on November 19, 2025. This arrangement involves the same shareholding but serves different financing requirements.
| Current Encumbrance: | Details |
|---|---|
| Type: | Non-Disposal Undertaking |
| Beneficiary: | Axis Bank Limited |
| Loan Amount: | ₹112.00 crores |
| Security Cover: | ₹618.84 crores |
| Coverage Ratio: | 5.52 times |
Regulatory Compliance and Disclosure
The pledge release has been disclosed under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was made to both BSE Limited and National Stock Exchange of India Limited on December 18, 2025, with a revised disclosure submitted on December 22, 2025, addressing discrepancy concerns raised by the stock exchanges.
The company's total promoter shareholding stands at 1,25,17,966 shares, representing 73.55% of total share capital. The successful completion of this pledge release removes a significant encumbrance from promoter holdings while maintaining adequate financing arrangements through the existing non-disposal undertaking with Axis Bank for corporate funding needs.
Historical Stock Returns for N R Agarwal Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.47% | +2.58% | +0.90% | +47.96% | +35.32% | +119.63% |
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