Kalyan Jewellers India Limited (KJIL) promoters have pledged an additional 2.55 crore shares (2.47% of total shareholding) as security for Non-Convertible Debentures (NCDs), as disclosed by Catalyst Trusteeship Limited. Key promoters involved include Mr. Trikkur Kalyanaraman Seetharam and Mr. Trikkur Kalyanaram Ramesh. After this pledge, total pledged shares rose to 11.07 crore (10.73% of share capital). The pledge, part of a Debenture Trust Deed dated September 25, 2024, offers security to lenders like OCM India Opportunities XII. The article includes a disclaimer regarding investment risks and advises conducting independent research before investing.

Read the full article here