The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Axis Trustee Services Ltd
AFCONS · price
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Axis Trustee Services Limited (ATSL), acting as common security trustee, has disclosed encumbrance over 9,20,72,053 shares (25.03%) of Afcons Infrastructure Limited. On May 15, 2026, Goswami Infratech Private Limited (GIPL) created a direct pledge over 7,35,58,600 shares (20% of Afcons) for the benefit of debenture holders. GIPL owns 25.03% of Afcons. An indirect encumbrance already existed via a 100% pledge over GIPL's own share capital. ATSL clarifies it holds no beneficial interest in the shares and is not part of the promoter group.
No change in total encumbered shares or percentages occurred, but a formal direct pledge over 20% of Afcons shares has now been created, adding clarity to the existing encumbrance structure. This is a disclosure filing by a trustee, not an acquisition or sale, and should have limited direct impact on the stock price.