scanx.trade2h ago

Garuda Construction promoter pledges 6.99% stake to raise working-capital funding

Garuda Construction & Engineering said its promoter, PKH Ventures Limited, pledged 65,00,000 equity shares, or 6.99% of total share capital, on July 31, 2026, to secure working-capital financing. The pledge was created in favor of Aditya Birla Capital Limited, according to the company’s disclosure. Following the transaction, the encumbered portion of the promoter’s holding rose to 13.51%, while remaining below the 20% threshold referenced in the filing. The promoter’s overall shareholding stands at 51.7%.

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