The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBICAP Trustee Company Ltd
AXISCADES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SBICAP Trustee Company Ltd has disclosed a release of 10,04,000 equity shares (2.3625% of Axiscades Technologies) that were earlier pledged by Jupiter Capital Limited. These shares were held as security for Non-Convertible Debentures issued by Jupiter Capital, with SBICAP acting as Debenture Trustee. The release took place on 12 September 2025, and after the release, the encumbered shareholding of STCL stands at NIL. The equity share capital of Axiscades remains unchanged at 4,24,97,653 shares of Rs. 5 each. STCL clarified it is not part of the promoter group and acts only as a trustee.
This is a positive signal — the release of pledged shares reduces encumbrance on Axiscades stock and suggests Jupiter Capital has met its obligations on the debentures, lowering default risk. For retail investors, this improves the free-float availability of promoter-pledged shares and removes a potential overhang on the stock.