Shareholding3 Aug 2026, 07:30 pm
PKH Ventures Pledges 65 Lakh Garuda Construction Shares
AI Summary
PKH Ventures Limited, a promoter of Garuda Construction and Engineering Ltd, has disclosed the creation of a pledge on 65,00,000 equity shares, representing 6.99% of the total share capital. This pledge, created on July 31, 2026, is in favor of Aditya Birla Capital Limited and is for a loan amount of ₹50,00,00,000. The value of the pledged shares on the event date was ₹1,13,55,50,000. The borrowed funds are intended for working capital purposes. This disclosure is made in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Promoter PKH Ventures pledged 6.99% of total share capital.
- Pledge created for a loan of ₹50 crore from Aditya Birla Capital.
- Funds to be used for working capital of the listed company.
- Disclosure made as per SEBI (Takeovers) Regulations, 2011.
- Pledged shares valued at over ₹113 crore on event date.
Price Impact
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