Key Quantitative Figures

  • Promoter: Mr. Praveen Tyagi
  • Total promoter shareholding: 1,05,82,250 equity shares (42.37% of total share capital)
  • Previously encumbered shares: 23,18,000 shares (8.29% of total capital)
  • New pledge created: 31,58,000 equity shares on June 30, 2026
  • Total encumbered shares post-pledge: 54,76,000 equity shares (21.93% of total share capital)
  • Percentage of promoter holding encumbered: 21.93%
  • Loan amount secured: ₹50 crore
  • Security value of new pledge: ₹45,77,52,100
  • Security coverage ratio (A/B): 0.91:01

Dates of Action

  • Pledge creation date: June 30, 2026
  • Reporting date: June 30, 2026
  • Disclosure date: July 2, 2026

Parties Involved

  • Pledgor: Mr. Praveen Tyagi (Promoter of VVIP Infratech Limited)
  • Pledgee: CSL Finance Ltd
  • Borrowing entity: VVIP Realtech Limited (formerly known as Vibhor Vaibhav Infrahome Private Limited)
  • Listed company: VVIP Infratech Limited (BSE Scrip Code: 544219)
  • Stock exchange: Bombay Stock Exchange

Purpose and Rationale

The fresh pledge was created to secure a ₹50 crore business loan availed by the company's subsidiary, VVIP Realtech Limited (formerly Vibhor Vaibhav Infrahome Private Limited). The loan has been sanctioned in the ordinary course of business and will be utilized for business growth and working capital requirements of the real estate subsidiary.

Historical Context and Additional Details

The disclosure reveals three distinct pledge events with CSL Finance Ltd:

1. First pledge: 18,75,000 shares (7.50% of capital) securing ₹15 crore loan, security value ₹35 crore, coverage ratio 2.3:01

2. Second pledge: 4,43,000 shares (1.77% of capital) created as margin cover-up due to decline in market value, security value ₹4.43 crore, coverage ratio 0.30:01

3. Third pledge: 31,58,000 shares (12.65% of capital) securing ₹50 crore loan, security value ₹45.78 crore, coverage ratio 0.91:01

Financial and Operational Impact

The creation of pledge does not result in any change in the ownership, control or management of VVIP Infratech Limited. The encumbered shares represent 21.93% of total share capital, which exceeds 20% threshold but remains below 50% of promoter shareholding.