PVR Inox and 6 Other Stocks in Which Promoters Reduced Their Pledges by Up to 8.21% in Q2 FY26

SYNOPSIS: The article highlights companies across FMCG, auto glass, entertainment, metals, mining, food services, and real estate where promoters significantly reduced pledged shares in Q2 FY26.

Promoters pledge shares to secure loans for needs like working capital or expansions, but high pledges signal financial stress if share prices fall, potentially leading to margin calls or forced sales. A decreasing pledge occurs when promoters repay loans or release shares, often using improved cash flows or rising stock valuations.

This trend indicates financial strength and better governance, boosting investor confidence by lowering the risks of share dumps. Investors track it via quarterly disclosures, viewing reductions as positive compared to increases.

Following are a few stocks in which promoters have reduced pledges by more than 8 percent in Q2 FY26:

Asahi India Glass Limited

With a market cap of Rs. 25,782 crores, the stock is trading at Rs. 1,011.35 on BSE, down by around 2 percent on Tuesday. In Q2 FY25-26, the Promoters of Asahi India further strengthened their position by reducing the pledged portion of their shareholding by 0.31 percent, bringing the total promoter pledge down to 3.19 percent, compared to 3.5 percent in Q1 FY25-26.

Asahi India Glass Limited is engaged in the business of manufacturing auto glass, float glass and other value-added glasses. It is among the leading players in India’s glass industry, with a 75 percent market share in the Passenger Car segment.

Emami Limited

With a market cap of Rs. 22,860.7 crores, the stock is trading at Rs. 520.65 on BSE, down by around 0.4 percent on Tuesday. In Q2 FY25-26, the Promoters of Emami further strengthened their position by reducing the pledged portion of their shareholding by 0.52 percent, bringing the total promoter pledge down to 9.98 percent, compared to 10.5 percent in Q1 FY25-26.

Emami Limited, one of India’s leading FMCG Companies, is engaged in the business of manufacturing & marketing personal care & healthcare products with an enviable portfolio of household brand names such as Boro Plus, Navratna, Fair and Handsome, Zandu Balm, Kesh King, Zandu Pancharishta, Mentho Plus Balm, Dermicool and others.

PVR Inox Limited

With a market cap of Rs. 10,591 crores, the stock is trading at Rs. 1,078.55 on BSE, down by around 1 percent on Tuesday. In Q2 FY25-26, the Promoters of PVR Inox further strengthened their position by reducing the pledged portion of their shareholding by 0.76 percent, bringing the total promoter pledge down to 9.41 percent, compared to 10.17 percent in Q1 FY25-26.

PVR INOX Limited is engaged in the business of movie exhibition & production and operates the largest cinema network across India. It earns revenue from the sale of movie tickets, in-cinema advertisements/product displays, the sale of food and beverages, and the restaurant business.

Hindustan Zinc Limited

With a market cap of Rs. 2.07 lakh crores, the stock is trading at Rs. 492.1 on BSE, up by around 0.4 percent on Tuesday. In Q2 FY25-26, the Promoters of Hindustan Zinc further strengthened their position by reducing the pledged portion of their shareholding by 1.97 percent, bringing the total promoter pledge down to 9.27 percent, compared to 11.24 percent in Q1 FY25-26.

Hindustan Zinc Limited is engaged in the business of exploring, extracting and processing minerals. The company is majorly owned by Vedanta Limited, which is ultimately held by Vedanta Incorporated (formerly known as Volcan Investments Limited). Vedanta Limited holds 61.84 percent of the Company’s equity as of September 2024.

Lloyds Metals & Energy Limited

With a market cap of Rs. 63,613 crores, the stock is trading at Rs. 1,208.35 on BSE, down by around 1 percent on Tuesday. In Q2 FY25-26, the Promoters of Lloyds Metals further strengthened their position by reducing the pledged portion of their shareholding by 3.67 percent, bringing the total promoter pledge down to 13.14 percent, compared to 16.81 percent in Q1 FY25-26.

Lloyds Metals and Energy Limited works in iron ore mining, producing coal-based Direct Reduced Iron (DRI) or Sponge Iron and generating power. It is one of the largest coal-based DRI producers in Maharashtra, with a production capacity of 3.4 lakh tonnes per annum (TPA).

The company is the only iron ore miner in Maharashtra, holding a 50-year mining lease for the Surjagarh village in Gadchiroli district, which has the largest reserve of high-grade iron ore in the state, valid until 2057.

Jubilant FoodWorks Limited

With a market cap of Rs. 38,455 crores, the stock is trading at Rs. 582.8 on BSE, down by around 0.2 percent on Tuesday. In Q2 FY25-26, the Promoters of Jubilant FoodWorks further strengthened their position by reducing the pledged portion of their shareholding by 4.36 percent, bringing the total promoter pledge down to 0.83 percent, compared to 5.19 percent in Q1 FY25-26.

Jubilant FoodWorks Limited is engaged in the business of wholesale and retail sales of food items through strong international and home-grown brands addressing different food market segments across countries like India, Turkey, Bangladesh, Sri Lanka, Azerbaijan and Georgia. International brands include Domino’s, Dunkin’ and Popeyes. Homegrown brands are Hong’s Kitchen and COFFY.

Valor Estate Limited

With a market cap of Rs. 6,354.5 crores, the stock is trading at Rs. 117.85 on BSE, up by around 1.5 percent on Tuesday. In Q2 FY25-26, the Promoters of Valor Estate further strengthened their position by reducing the pledged portion of their shareholding by 8.21 percent, bringing the total promoter pledge down to 29.09 percent, compared to 37.3 percent in Q1 FY25-26.

Valor Estate Limited, formerly known as DB Realty Limited, is engaged primarily in the business of real estate construction, development and other related activities and the hospitality business.

Written by Shivani Singh

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