Keerthi Industries: Promoter Releases 30% Stake Pledge
Seshagiri Rao Jasti, a promoter of Keerthi Industries Ltd, has announced the release of a pledge on 2,405,021 equity shares, representing 30% of the company's paid-up capital. The release occurred on August 10, 2026, and was formally disclosed to the stock exchanges on August 11, 2026, as per SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The shares were pledged as collateral for a credit facility from Axis Bank Limited. This action reduces the promoter's encumbered holding, potentially increasing the free float of shares.
Key Highlights
- Promoter Seshagiri Rao Jasti released pledge on 2.4 million shares.
- Released shares constitute 30% of Keerthi Industries' paid-up capital.
- Pledge was for collateral with Axis Bank for a credit facility.
- Disclosure made under SEBI (SAST) Regulations, 2011.
- Event impacts promoter's encumbered shareholding.
Price Impact
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