News Stocks Camlin Fine Sciences Promoter Pledges 18 Lakh Shares to HDFC Bank for Company BorrowingCamlin Fine Sciences Promoter Pledges 18 Lakh Shares to HDFC Bank for Company Borrowing
Ashish S. Dandekar, promoter of Camlin Fine Sciences Limited, pledged 18,00,000 equity shares to HDFC Bank Ltd. on February 24, 2026, to facilitate company borrowing. This increased his total encumbered shareholding to 88,00,000 shares (4.58% of total capital) from the previous 70,00,000 shares. Dandekar holds 1,97,78,510 shares representing 10.30% of the company's total share capital. The disclosure was made on February 27, 2026, in compliance with SEBI SAST Regulations.
*this image is generated using AI for illustrative purposes only.
Camlin Fine Sciences promoter Ashish S. Dandekar has pledged an additional 18,00,000 equity shares to HDFC Bank Ltd. on February 24, 2026. The pledge was created to facilitate borrowing by the company, as disclosed in a regulatory filing made on February 27, 2026.
Share Pledge Details
The latest pledge transaction has increased Dandekar's total encumbered shareholding in the company. The following table summarizes the key details of the share pledge:
| Parameter: | Details |
|---|---|
| Shares Pledged: | 18,00,000 equity shares |
| Pledge Date: | February 24, 2026 |
| Beneficiary: | HDFC Bank Ltd. |
| Purpose: | To facilitate company borrowing |
| Percentage of Total Capital: | 0.94% |
Promoter Shareholding Position
Following the pledge creation, Dandekar's overall shareholding and encumbrance position has been updated:
| Holding Type: | Number of Shares | Percentage |
|---|---|---|
| Total Promoter Holding: | 1,97,78,510 | 10.30% |
| Previously Encumbered: | 70,00,000 | 3.64% |
| Post-Event Encumbered: | 88,00,000 | 4.58% |
Regulatory Compliance
The disclosure was made in compliance with Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.
Corporate Purpose
The pledged shares will facilitate the company's borrowing requirements. This represents a standard corporate financing arrangement where promoter shares are used as collateral to support the company's funding needs. The pledge increases the promoter's total encumbered holdings from the previous level of 70,00,000 shares to 88,00,000 shares.
Historical Stock Returns for Camlin Fine Sciences
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.14% | +3.95% | +3.38% | -32.50% | +0.35% | +12.38% |
17
