Just Dial share encumbrance disclosures published on BSE on October 5, 2026, reported creation of an encumbrance on 2,39,647 shares for promoter V.S.S. Mani and release of an encumbrance on an equal number for Eshwary Krishnan. Both events took place on September 28, 2026, according to the disclosure dated October 2.

Each event covered 0.28% of the company's share capital. The filing named Reliance Retail Ventures Limited as the entity in whose favour the shares were encumbered. It classified the type of encumbrance as “Others” for both entries, rather than identifying either event as a pledge.

The disclosure was submitted under Regulations 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. V.S.S. Mani signed the submission in Mumbai.

Mani's post-event encumbered holding reaches 7.89%

For V.S.S. Mani, the filing listed an existing encumbered holding of 64,68,187 shares, representing 7.61% of total share capital. Following creation of the additional encumbrance, the reported post-event total stood at 67,07,834 shares, or 7.89%.

Eshwary Krishnan's previously encumbered holding comprised 2,39,647 shares, equivalent to 0.28% of share capital. The release covered that entire quantity, leaving her reported post-event encumbered holding at nil.

The table also listed the following post-event encumbered holdings for other promoters, without reporting fresh creation, release or invocation events against their names:

  • Anita Mani: 19,25,345 shares, representing 2.26% of share capital.
  • V. Krishnan: 100 shares, shown as 0.00% in the filing.
  • Manasi Iyer: 1,33,975 shares, representing 0.16%.
  • Ramani Iyer: nil encumbered shares; his listed shareholding was 1,404 shares.

Disclosure refers to July 2021 shareholders agreement

The explanatory note linked the encumbrance to the shareholders agreement dated July 16, 2021. It named V. Krishnan, V.S.S. Mani, Anita Mani, Eshwary Krishnan and Manasi Iyer, and referred readers to the earlier Regulation 31 disclosure dated July 23, 2021.

A separate note stated that shares held by Reliance Retail Ventures Limited, a promoter of Just Dial, carry no encumbrance. The submission was addressed to Just Dial and the National Stock Exchange, BSE and Metropolitan Stock Exchange of India, which the filing listed as exchanges where the company's shares are listed.