N R Agarwal Industries revises promoter share encumbrance details

N R Agarwal Industries Limited announced a revision to its share encumbrance disclosures, detailing a shift in the nature of security on promoter shares. Initially, a pledge was created on March 7, 2022, in favor of SBICAP Trustee Company Limited. This has now been updated to a non-disposal undertaking on the same shares, effective November 19, 2025, in favor of Axis Bank Limited.

The total promoter shareholding in the listed company stands at 12,517,966 shares, representing 73.55% of the total share capital. The number of shares encumbered remains consistent at 12,516,998 shares, which accounts for 73.55% of the total share capital. Both the previous pledge and the new non-disposal undertaking cover shares representing more than 50% of promoter shareholding and more than 20% of total share capital.

The amount involved in the previous pledge was INR 426,800,000, for which the shares provided a security cover ratio of 0.62. The new non-disposal undertaking with Axis Bank Limited involves INR 112,000,000,000, resulting in a security cover ratio of 5.52. Both encumbrances are for the benefit of the listed company, specifically against a term loan.