Stove Kraft Ltd (STOVEKRAFT) — promoter pledge

Pledged promoter shares first appear in Stove Kraft Ltd's Mar 2022 filing, covering 11.9% of promoter holding. The share of promoter holding pledged peaked at 17.3% (9.7% of total equity), most recently in Jun 2023, against 15.7% in Jun 2026. A year earlier, in Jun 2025, the figure was 14.6%. A pledge is reported in 18 of the 22 quarters of promoter shareholding data Solomo holds for this company.

One member of the promoter group reports pledged shares in Jun 2026: Rajendra Gandhi (55.18% of the company, 15.9% of it pledged).

Ranked by share of promoter holding pledged, Stove Kraft Ltd is #298 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.