Pledge of shares
RACL Employees Welfare Trust has informed BSE that the RACL Employees Welfare Trust (Promoters of the Company) has pledged 7,00,000 (Seven Lacs) equity shares of the company i.e. Raunaq Automotive Components Limited aggregating 7.84% of total equity share capital of the company with Ratnakar Bank Ltd vide Corporate Pledge Note dated March 19,2012 for obtaining Corporate Loan for the Company.(For more details kindly refer www.bseindia.com)22-03-2012