The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on May ....
AFCONS · price
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Goswami Infratech Private Limited (GIPL), a promoter of Afcons Infrastructure, has formally created a pledge on 7,35,58,600 equity shares (constituting 20% of Afcons' shareholding) in favour of Axis Trustee Services Limited as debenture trustee. GIPL holds 9,20,72,053 shares representing 25.03% of Afcons' total share capital. The pledge is part of security created for GIPL Debentures and Capespan Debentures issued under a debenture trust deed dated 26 June 2023. The company clarifies that the encumbered position remains unchanged from the previous disclosure dated 15 May 2026, and this filing is purely to formalize the direct pledge documentation.
No immediate impact on shareholders as the encumbrance position is unchanged. However, the significant pledge of 20% of shares for debenture-related debt may signal financial leverage within the promoter group that investors should monitor.