Balaji Amines Ltd

🔍 Balaji Amines Promoters Pledge Shares Worth ₹75 Cr for Subsidiary Funding

- Promoters Mr. Dundurapu Ram Reddy & Mrs. Dundurapu Vandana Reddy encumbered 6,25,000 shares (88.64% of their 2.18% total stake).

- Pledge created with HDFC Bank, valuing shares at ₹75 crore against ₹250 crore loan.

- Funds allocated for principal business activities of subsidiary Balaji Speciality Chemicals Limited.

- Security cover ratio stands at 0.30.

- Transaction is strictly for business purposes, not personal use.