Announcement under Reg 30 of SEBI (LODR) Regulations, 2015- Intimation of pledge of shares held as investment in Unlisted Private Company.
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Apex Capital and Finance Ltd has pledged 5,49,90,797 equity shares (face value Rs. 10 each) it holds in Aman Hospitality Private Limited (AHPL), an unlisted company in which it has a 42.1% stake. The pledge is created in favour of Schloss HMA Private Limited as security for a Rs. 120 crore credit facility availed by AHPL. The pledge tenure runs till 31 December 2028 or until full repayment of the facility. The company has confirmed the pledge has not been invoked and that promoter or group companies have no interest in this transaction, with it being done at arm's length.
There is no immediate impact on Apex Capital's shareholding or operations, but the pledged shares represent a contingent liability — if AHPL defaults on the Rs. 120 crore loan, the pledged shares could be forfeited, which would indirectly affect Apex Capital's asset base and investment value.