The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 17, 2026 for Shapoorji Pallonji ....
AFCONS · price
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Awaiting price reaction for this filing.
Shapoorji Pallonji and Company Pvt Ltd (SPCPL), the promoter of Afcons Infrastructure, has created a new pledge of 1,22,34,940 equity shares (3.33% of total share capital) in favor of Catalyst Trusteeship Limited on February 16, 2026. The amount involved is Rs 170 crore, and the purpose is to meet working capital requirements of the company. With this new pledge, SPCPL's total encumbered shares rise to 5,66,81,410 shares, representing 100% of its 15.41% promoter holding in Afcons. The encumbered shares are valued at roughly Rs 399 crore based on the NSE closing price of Rs 326.30. Of SPCPL's total shareholding, 78.41% is now encumbered, well above the 50% mark.
Shareholders should note that the entire promoter stake in Afcons is now pledged, which is a high encumbrance level and increases risk if the promoter faces financial stress. However, the pledge is for the company's own working capital needs, not personal use, which is somewhat reassuring. Monitor for any future pledge invocation or release announcements.