KC Holdings adjusts pledges on Kalpataru Projects International shares

KC Holdings Private Limited announced on September 23, 2025, that it has created and released pledges over 200,000 equity shares of Kalpataru Projects International Limited (KPIL). These adjustments affect the promoter shareholding, which stands at 33.52% of total share capital, with 24.59% currently encumbered.

The announcement details various encumbrances, including a pledge of 200,000 shares for a facility of INR 65 crores from Tata Capital Financial Services Limited, and a new pledge of 200,000 shares created on September 19, 2025, for a facility of INR 12 crores from 360 One Prime Ltd. Separately, on April 30, 2025, KC Holdings pledged 1,082,172 shares to Bajaj Finance Ltd, which was later reduced by a release of 200,000 shares on September 19, 2025, leaving 882,172 shares pledged.

The funds raised through these encumbrances are primarily for general corporate purposes, repayment of group debt, refinancing existing facilities, and extending inter-corporate deposits to group companies.