The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 24, 2025 for Goswami Infratech Pvt Ltd
AFCONS · price
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Awaiting price reaction for this filing.
Goswami Infratech Pvt Ltd (GIPL), a promoter entity of Afcons Infrastructure, has disclosed creation/extension of a pledge over its entire holding of 9,20,72,053 shares, which equals 25.03% of Afcons's total share capital and 100% of the promoter's shares held through GIPL. The pledge is in favour of Axis Trustee Services Ltd acting as the Common Security Trustee for debentureholders of GIPL Debentures (rated CARE BB- Negative, outstanding ~₹1,35,88 crore) and Capespan Investment Pvt Ltd Debentures (unlisted, outstanding ~₹1,609 crore). The event date is December 17, 2025, with disclosure filed on December 24, 2025. The borrowed funds were used mainly for refinancing existing promoter-group debt and inter-corporate lending.
With 100% of the promoter's stake held via GIPL now pledged, any deterioration in the debentures' servicing could put this 25% stake at risk. The negative credit rating on GIPL's debentures is a yellow flag for retail investors, though this appears to be a restructuring/extension of an existing pledge rather than fresh borrowing.