PVR INOX Promoter Ajay Kumar Bijli Pledges Additional 3.16 Lakh Shares

Gurugram, January 24, 2025 – Ajay Kumar Bijli, Promoter and Managing Director of PVR INOX Limited (NSE: PVRINOX, BSE: 532689), has pledged 3,16,000 equity shares in favor of Infina Finance Private Limited as part of a personal borrowing agreement. The disclosure was made under Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Key Highlights of the Share Pledge​

• Total Shares Held by Ajay Kumar Bijli: 54,47,205 shares (5.55% of total share capital).
• Previously Encumbered Shares: 20,00,000 shares (2.04%).
• New Pledge Created: 3,16,000 shares (0.32%) on January 23, 2025.
• Total Encumbered Shares Post Pledge: 23,16,000 shares (2.36%).
• Reason for Pledge: Personal borrowing.
• Lender: Infina Finance Private Limited.

Implications for Investors​

The additional pledge increases the promoter's encumbered shareholding, which may raise investor concerns regarding promoter leverage and liquidity. However, the overall promoter stake remains unchanged, and the company has not indicated any operational or financial risks due to this transaction.