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 September ....
CLEDUCATE · price
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Awaiting price reaction for this filing.
Promoter Satya Narayanan R has filed a revised disclosure to BSE (originally filed Feb 25, 2025; resubmitted Sept 22, 2025) after BSE flagged format issues in the earlier submission. The disclosure pertains to a Non-disposal Undertaking (NDU) created on 70,32,781 equity shares (13% of total share capital) on Feb 19, 2025, with promoter Gautam Puri creating a similar NDU on another 70,32,781 shares (13%) on Feb 20, 2025. Together, these encumbrances cover 26% of total share capital and 48.92% of promoter shareholding (which stands at 53.15%). The NDU was given to Piramal Trusteeship Services as security trustee for a Rs. 210 crore term loan facility availed by CL Educate from Piramal Capital and Housing Finance Ltd. The loan proceeds were used to acquire 100% of DEXIT Global Ltd (formerly NSEIT Ltd), and the facility has a 72-month repayment schedule with structured quarterly installments.
This is a technical revision of an already-existing filing rather than a new encumbrance, so no fresh impact on stock price. Promoters are restricted from selling these shares until the loan is repaid (up to 6 years), but encumbrance remains below the 50% promoter-holding threshold, meaning no further regulatory red flags are triggered. Investors may note that promoter holdings are significantly tied up to fund the company's acquisition strategy.