The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on January 07, 2026 for Goswami Infratech ....
AFCONS · price
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Goswami Infratech Private Limited, a promoter of Afcons Infrastructure, has filed a revised disclosure for creation of pledges over 9,20,72,053 equity shares, representing 25.03% of Afcons' total share capital. The pledges were created on May 6, 2025 and December 17, 2025, both in favour of Axis Trustee Services Limited (ATSL) acting as common security trustee. The encumbrance secures two sets of debentures — GIPL Debentures (under a trust deed dated June 26, 2023) and Capespan Debentures (under a trust deed dated December 15, 2025). Total outstanding amounts across these debentures run into several thousand crore rupees, and the security cover ratios are 0.26:1 for GIPL Debentures and 2.21 for Capespan Debentures. This is a continuation/revision of an earlier disclosure dated December 24, 2025.
This is a revised disclosure detailing that 100% of the promoter entity's stake (25.03% of total share capital) is now pledged to secure large debenture issuances. The low 0.26:1 security cover on GIPL Debentures is a potential concern as it indicates thin collateral cushion, which could be negative for the stock if the pledged shares need to be invoked or topped up.