VMS Industries Ltd — Important, 03-12-2025: Company Update
03-12-2025 | 03:16 pm
03-12-2025 | 03:16 pm
VMS Industries' Managing Director and Promoter, Mr. Manoj Kumar Jain, has released 5 lakh (0.05 Cr) equity shares from encumbrance with Bank of Baroda. This reduces his personal pledged shares from 2.94 Cr (12.02%) to 2.44 Cr (9.98%). For the entire promoter group, the total encumbered shares decreased from 4.94 Cr (20.19%) to 4.44 Cr (18.15%). This move strengthens the promoter's stake by reducing leverage on their holdings, signaling improved financial flexibility and confidence to investors, as the shares were released under a Bank of Baroda sanction letter.
No comments yet. Be the first to comment!
