Ashish S. Dandekar, promoter of Camlin Fine Sciences Limited, pledged 18,00,000 equity shares to HDFC Bank Ltd. on February 24, 2026, to facilitate company borrowing. This increased his total encumbered shareholding to 88,00,000 shares (4.58% of total capital) from the previous 70,00,000 shares. Dandekar holds 1,97,78,510 shares representing 10.30% of the company's total share capital. The disclosure was made on February 27, 2026, in compliance with SEBI SAST Regulations.
Camlin Fine Sciences Promoter Pledges 18 Lakh Shares to HDFC Bank for Company Borrowing
Camlin Fine Sciences promoter Ashish S. Dandekar has pledged an additional 18,00,000 equity shares to HDFC Bank Ltd. on February 24, 2026. The pledge was created to facilitate borrowing by the company, as disclosed in a regulatory filing made on February 27, 2026.
Share Pledge Details
The latest pledge transaction has increased Dandekar's total encumbered shareholding in the company. The following table summarizes the key details of the share pledge:
Parameter: Details Shares Pledged: 18,00,000 equity shares Pledge Date: February 24, 2026 Beneficiary: HDFC Bank Ltd. Purpose: To facilitate company borrowing Percentage of Total Capital: 0.94%
Promoter Shareholding Position
Following the pledge creation, Dandekar's overall shareholding and encumbrance position has been updated:
Holding Type: Number of Shares Percentage Total Promoter Holding: 1,97,78,510 10.30% Previously Encumbered: 70,00,000 3.64% Post-Event Encumbered: 88,00,000 4.58%
Regulatory Compliance
The disclosure was made in compliance with Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.
Corporate Purpose
The pledged shares will facilitate the company's borrowing requirements. This represents a standard corporate financing arrangement where promoter shares are used as collateral to support the company's funding needs. The pledge increases the promoter's total encumbered holdings from the previous level of 70,00,000 shares to 88,00,000 shares.
Camlin Fine Sciences Limited has received a regulatory disclosure from promoter Ashish S. Dandekar regarding the release of pledge on equity shares under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited on February 19, 2026.
Pledge Release Details
The promoter executed the release of pledge on 30,00,000 equity shares on February 18, 2026. This transaction represents a significant reduction in the encumbered shareholding of the promoter in the company.
Parameter Details Shares Released from Pledge 30,00,000 Date of Release February 18, 2026 Disclosure Date February 19, 2026 Type of Transaction Release of Pledge
Promoter Shareholding Structure
Ashish S. Dandekar's shareholding pattern shows his substantial stake in the company along with the encumbrance details before and after the pledge release.
Shareholding Details Number of Shares Percentage of Share Capital Total Promoter Holding 1,97,78,510 10.30% Previously Encumbered Shares 1,00,00,000 5.21% Shares Released from Pledge 30,00,000 1.56% Post-Release Encumbered Shares 70,00,000 3.65%
Regulatory Compliance
The disclosure has been made in compliance with Regulation 31(1) and 31(2) of SEBI SAST Regulations. The promoter has submitted the required documentation to:
BSE Limited (Scrip Code: 532834)
National Stock Exchange of India Limited (Symbol: CAMLINFINE)
Company Secretary of Camlin Fine Sciences Limited
This pledge release reduces the overall encumbered shareholding of the promoter from 5.21% to 3.65% of the company's total share capital, indicating a partial deleveraging of the promoter's stake in the company.
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