TOP 50 companies in which pledged shares are highest as per March 2010 Financial Results

The list of Indian promoters, who have mortgaged their equity holding to raise funds

THIS IS FIRST SIGN OF FINANCIAL CRISIS IN COMPANY

Although promoters may have pledged shares to raise more capital

or to meet expansion costs,it is still beneficial to analyse the situation before investing in these shares

Company Name	Shares Pledged by Promoters	% of Total Equity	Total Promoter Stake in %
India Cem. Cap.	18576840	85.58	85.68
Blue Blends Fin	5018300	71.9	74.5
Micro Inks	17534718	70.5	75
Plethico Pharma.	23910000	70.19	87.01
Falcon Tyres	23178162	68	84.87
Vinay Cements	12545150	66.38	96.21
Karur KCP Pack.	6611000	66.11	72.46
Andhra Cements	86710264	65.43	73.13
Saurashtra Cem.	32758533	63.99	64.42
Parsvnath Devl.	125929883	63.42	74.73
Carol Info Serv.	22261300	62.82	63.73
Kerala Ayurveda	6493435	61.52	61.52
Sadhana Nitro	5551112	60.33	72.41
JP Power Ven.	294999900	60.08	63.34
Satra Properties	89694572	57.73	63
Tata Coffee	10735982	57.48	57.48
Refex Refrig.	8808542	56.92	58.76
Euro Ceramics	9281440	54.28	57.15
Gem Spinners	22353500	54.03	54.25
Shah Alloys	10590370	53.49	54.19
HFCL Infotel	326705000	53.36	53.36
Financial Eyes	1600000	53.33	54.81
Wockhardt	57800000	52.82	73.64
Ansal Properties	59778634	52.67	64.47
Refnol Resins	1624400	52.57	52.59
Ramsarup Inds.	18205508	51.9	79.82
Millennium Beer	28360853	51.75	88.95
Duncans Inds.	27453027	51.58	58.87
Sri Ramakr. Mill	3656525	51.37	55.04
Kakatiya Textile	2979194	51.27	51.27
Dunlop India	36710072	51	74.5
Sh. Krishna Pap.	4820400	51	60.63
Jalpac India	3500000	50.8	59.68
Suryalata Spg.	1647081	50.42	61.29
Arvind Products	40574639	50.12	53.66
Tata Tele. Mah.	942831680	49.7	77.72
India Steel	101109000	49.5	55.08
Gayatri Projects	5429245	48.89	54.9
Kashipur Sugar	7562061	48.5	58.15
Hatsun AgroProd.	16400000	48.31	73.09
Star Paper Mills	7364593	47.18	54.81
Sayaji Hotels	5961106	46.39	51.94
Blue Bird (I)	16000000	45.71	52.61
Guj. Carbon Inds	5658000	45.7	58.84
J K Cements	31875225	45.58	65.32
Tuticorin Alkali	6680113	45.15	45.15
Kiri Dyes Chem.	6706795	44.71	69.98
Spentex Inds.	31816974	44.52	44.82
Shree Ram Urban	9176284	44.47	59.68