🟢 At a Glance:
Kailash Chandra Agarwal, promoter of Genus Paper & Boards Ltd, has revoked a massive ₹120.6 crore pledge involving 60 lakh equity shares. But here’s the kicker — his shareholding hasn’t changed at all. So what’s happening behind the scenes?
📜 The Insider Filing — Decoded
| Detail | Value |
|---|---|
| 👤 Insider | Kailash Chandra Agarwal (Promoter) |
| 🏢 Company | Genus Paper & Boards Ltd |
| 🔢 Shares Revoked | 60,00,000 |
| 💰 Value of Pledge | ₹120.6 Cr |
| 📆 Date | May 27, 2025 (intimated May 29) |
| 📈 Holding Before | 1,32,98,356 shares (5.17%) |
| 📉 Holding After | 1,32,98,356 shares (5.17%) |
| 🧾 Type of Action | Revocation of Pledge |
🤨 Wait… So He Didn’t Sell or Buy?
Correct. This is not a trade, not a fresh acquisition, and definitely not a sale. This is just revocation of a previously pledged security — which means:
- The promoter has cleared debt or fulfilled collateral obligations
- The pledged shares are no longer with the lender
- The stock is now free from encumbrance
In simple terms:
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