Keerthi Industries Limited has made regulatory disclosures to BSE Limited regarding the release of pledge on equity shares by its promoter.
Key Transaction Details
Promoter Seshagiri Rao Jasti has released pledge on 2,405,021 equity shares that were pledged with Axis Bank Limited. The release event occurred on 10th August, 2026. The shares were pledged as collateral for availing credit facility from the bank.
Shareholding Structure
Pre-Release Holdings (Seshagiri Rao Jasti):
- Total shares held: 3,081,559 equity shares (38.44% of total share capital)
- Encumbered shares: 2,405,021 shares (30% of total share capital)
- Free shares: 676,538 shares (8.44% of total share capital)
Post-Release Holdings (Seshagiri Rao Jasti):
- Total shares held: 3,081,559 equity shares (38.44% of total share capital)
- Encumbered shares: 0 shares (0% of total share capital)
- Free shares: 3,081,559 shares (38.44% of total share capital)
Company Capital Structure
The total equity share capital of Keerthi Industries Limited remains unchanged at 8,016,738 equity shares of ₹10 each, aggregating to ₹8,01,67,380. The capital structure was unaffected by this pledge release transaction.
Other Promoter Holdings
The disclosure also includes details of other promoter group members:
- Triveni Jasti: 2,195,348 shares (27.38%)
- Venkata Krishna Jasti: 87,347 shares (1.09%)
- Jasti Sarada Govardhini: 21,697 shares (0.27%)
- Other promoter group members hold 0 shares
Financial Impact
The transaction represents a release of encumbrance without any change to the company's share capital or cash flows. The financial impact is limited to the reduction of pledged shares from the promoter's holdings.