Royal Cushion Vinyl Products Ltd (ROYALCUSHN) — promoter pledge

Pledged promoter shares first appear in Royal Cushion Vinyl Products Ltd's Sep 2010 filing, covering 24.1% of promoter holding. The 76.5% pledged in Jun 2026 is the highest level on record. A year earlier, in Jun 2025, the figure was 76.5%. A pledge is reported in 64 of the 84 quarters of promoter shareholding data Solomo holds for this company.

22 members of the promoter group report pledged shares in Jun 2026: Mahesh Kantilal Shah (8.7% of the company, 100% of it pledged), Vinod Kantilal Shah (2.85% of the company, 100% of it pledged), Bhaktavatsala Trading & Consultancy Services LLP (2.83% of the company, 100% of it pledged) and 19 others.

Ranked by share of promoter holding pledged, Royal Cushion Vinyl Products Ltd is #64 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.