Balaji Amines Ltd

🔍 Balaji Amines: Key Details on Share Encumbrance by Promoters

- Promoters involved: Mr. Nomula Rajeshwar Reddy & Mrs. Nomula Saritha Reddy (PAC).

- Total promoter shareholding: 1,091,937 shares (3.37% of total share capital).

- Encumbered shares: 625,000 shares (57.24% of promoter holding).

- Encumbrance type: Pledge with HDFC Bank.

- Value of pledged shares: ₹75 crore.

- Loan amount against pledge: ₹250 crore.

- Security cover ratio (A/B): 0.30.

- Purpose: Funding subsidiary Balaji Speciality Chemicals' business activities.

- Encumbrance not for personal use or direct company benefit.