The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd

Ownership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-3.0%Reaction day

₹104.04

prior close

₹101.05

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.3%-1.7% vs market

Residential Commercial Projects peers, median of 55sector-1.6%-1.4% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.4 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.0-1.3-1.7-1.6-1.4

Next day

-3.3+2.1-5.4+0.5-3.7

+0.3+5.4-5.1+4.6-4.2

+2.9+6.3-3.3+5.5-2.6

+2.4+7.1-4.7+6.2-3.8

+3.2+8.7-5.5+7.3-4.2

+2.5+9.6-7.1+10.7-8.2

15d

-11.4+3.3-14.7+1.8-13.2

-11.6+3.6-15.2+0.4-12.0

+11.5+19.8-8.3+24.1-12.5

+13.9+21.2-7.3+23.8-9.9

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 55Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Embassy Developments Ltd has informed the exchanges about a pledge of 6,30,95,240 equity shares (5.16% of total share capital) by JV Holding Private Limited in favour of Catalyst Trusteeship Limited, acting as Debenture Trustee for debenture holders. The pledge has been created as security for debentures aggregating to Rs. 2,295 Crores under a pledge agreement dated March 28, 2025, with the intimation dated April 4, 2025. The acquirer (Catalyst Trusteeship) has confirmed it does not belong to the promoter or promoter group of the company. This is a creation of a fresh pledge, not an invocation or release, and the total share capital remains unchanged at Rs. 244.50 Crores (12.22 crore shares of Rs. 2 each).

Likely market impact

Shareholders should note that 5.16% of the company's equity has been encumbered as collateral for a large debenture issue of Rs. 2,295 Crores. While the pledged shares still belong to the pledgor, any future default or invocation of the pledge could lead to a change in shareholding and potential market overhang.