The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBICAP Trustee Company Ltd
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SBICAP Trustee Company Ltd, acting as Share Pledge Trustee for State Bank of India (SBI) as lender, has disclosed creation of a pledge on 13,19,748 equity shares of Constronics Infra Ltd, representing 10.53% of the company's share capital. Prior to this pledge, the trustee held only 11,810 shares (0.09%) as encumbrance. After the transaction, the total encumbered holding stands at 13,31,558 shares (10.63%). The acquirer is not part of the promoter/promoter group. The pledge was created on March 4, 2026, and the disclosure is made under Regulation 29(1) of the SEBI Takeover Regulations.
A pledge of 10.53% of shares has been created in favour of SBI, indicating that the borrower (likely a promoter or related entity) has raised a loan from SBI by pledging Constronics Infra shares as collateral. While the pledge is sizeable, it is below the 50% threshold. Shareholders should monitor for any default risk, as invocation of the pledge could transfer significant ownership to the lender.