J.K. Investors (Bombay) Pledges Additional 5.50 Lakh Raymond Realty Shares to Bajaj Finance as Loan Collateral

Promoter Share Pledge Details

J.K. Investors (Bombay) Limited pledged 5.50 lakh shares of Raymond Realty Limited to Bajaj Finance Limited on March 17, 2026, as collateral for loans. This increased the company's total encumbered shareholding to 24.87 lakh shares, representing 3.74% of Raymond Realty's total share capital.

J.K. Investors holds 1.99 crore shares (29.83%) in Raymond Realty and disclosed this encumbrance creation under SEBI Takeover Regulations on March 23, 2026.

Regulatory Framework

The disclosure was made pursuant to Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Share pledges by promoters are disclosed to stock exchanges via mandatory regulatory filings to ensure transparency regarding encumbered holdings.

Context of Financing Activity

This pledge marks the second tranche of share collateral committed to Bajaj Finance by J.K. Investors in 2026. J.K. Investors (Bombay) Limited had previously pledged 5,00,000 shares (0.75%) of Raymond Realty Limited to Bajaj Finance Limited as loan collateral on January 8, 2026, bringing total encumbered shares to 19,37,471 (2.91% of total capital), with disclosure made on January 14, 2026.

The pledging reflects ongoing financing arrangements within the promoter group structure. J.K. Investors maintains control of the company with its 29.83% stake despite the encumbrances on a portion of those shares.