Bannari Amman Spinning Mills Ltd (BASML) — promoter pledge

Pledged promoter shares first appear in Bannari Amman Spinning Mills Ltd's Jun 2026 filing, covering 52.5% of promoter holding. The 52.5% pledged in Jun 2026 is the highest level on record. A year earlier, in Jun 2025, the figure was 0%.

One member of the promoter group reports pledged shares in Jun 2026: Murugan Enterprise Private Limited (48.49% of the company, 53.6% of it pledged).

Ranked by share of promoter holding pledged, Bannari Amman Spinning Mills Ltd is #113 of the 563 listed Indian companies whose latest quarterly filing reports any pledged promoter shares.

A promoter pledge means a promoter has put their own shares up as collateral, usually against a loan. It is legal and common, and SEBI requires it to be disclosed every quarter in the shareholding pattern. It matters to other shareholders because a sharp fall in the share price can trigger a margin call: if the promoter cannot top up the collateral, the lender can invoke the pledge and sell those shares in the open market, which adds selling pressure to an already falling price and, at high pledge levels, can change who controls the company. The percentage on its own is not a verdict — the level, the direction of travel and what the borrowing funded all matter.