Jyoti CNC promoter encumbers shares as loan security

On April 8, 2025, Anilkumar Bhikhabhai Virani, a promoter of Jyoti CNC Automation (BSE: JYOTICNC), disclosed to the stock exchanges and the company that he created an encumbrance on 23,00,000 shares on March 28, 2025. This encumbrance, in the form of a pledge, serves as security for a business loan. After the creation, Virani will hold 58,52,000 encumbered shares, equivalent to 2.57% of the company's total share capital. The shares are pledged to Aditya Birla Finance Limited. Before this event, Anilkumar Bhikhabhai Virani held 35,52,000 shares, representing 1.56% of the total share capital of Jyoti CNC, as already encumbered shares. Overall, Virani holds 3,28,56,340 shares which accounts for 14.45% of Jyoti CNC's shares. Parakramsinh Ghanshyamsinh holds 6,11,88,760 shares accounting for 26.91% but his stake is not encumbered. Similarly, the stake of the other promoter stakeholders which includes Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana, Jyoti International LLP, and Vijaysinh Pravinsinh Zala are not encumbered.