The announcement was made after market hours on Friday, 15 February 2013.

Meanwhile, the BSE Sensex was up 47.05 points, or 0.24%, to 19,515.20.

On BSE, 13.61 lakh shares were traded in the counter as against an average daily volume of 10.06 lakh shares in the past one quarter.

The stock hit a high of Rs 92.10 and a low of Rs 86.05 so far during the day. The stock had hit a 52-week high of Rs 168.40 on 7 January 2013. The stock had hit a 52-week low of Rs 65.55 on 14 May 2012.

The stock had underperformed the market over the past one month till 15 February 2013, falling 42.98% compared with the Sensex's 2.60% fall. The scrip had also underperformed the market in past one quarter, sliding 33.18% as against Sensex's 5.40% rise.

The small-cap company has an equity capital of Rs 243.26 crore. Face value per share is Rs 10.

D B Realty said that ICICI Bank UK has released some shares pledged by the company's promoters upon partial repayment of financial facility obtained from the bank.

D B Realty informed that its promoters had earlier encumbered shares representing 39.98% of the existing paid up capital of the company with ICICI Bank UK in connection with the financial facility availed by a group company from the lender. However, upon partial repayment of the said financial facility, the lender has released the shares of promoters, representing 11.04% of the existing paid up capital of the company from such encumbrances.

D B Realty said its promoters are confident of meeting the financial obligations and obtain release of the balance shares from the encumbrances of ICICI Bank UK in due course of time.

D B Realty's consolidated net profit fell 98.2% to Rs 0.21 crore on 18.9% rise in net sales to Rs 124.57 crore in Q3 December 2012 over Q3 December 2011.

D B Realty is a real estate developer in India. Most of the company's projects are based in and around Mumbai, and are under various stages of planning and construction.