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Genus Paper Promoter Revokes ₹120 Cr Pledge — Real Confidence or Just Paper Moves?

🟢 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

DetailValue
👤 InsiderKailash Chandra Agarwal (Promoter)
🏢 CompanyGenus Paper & Boards Ltd
🔢 Shares Revoked60,00,000
💰 Value of Pledge₹120.6 Cr
📆 DateMay 27, 2025 (intimated May 29)
📈 Holding Before1,32,98,356 shares (5.17%)
📉 Holding After1,32,98,356 shares (5.17%)
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