The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
EMBDL · price
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Embassy Developments Ltd informed exchanges about a new pledge created on 4 crore equity shares (2.88% of paid-up capital) of the company, in favour of Catalyst Trusteeship Ltd, acting as debenture trustee. The pledge secures 2,550 unlisted, secured, non-convertible debentures of Rs 10 lakh each, totalling Rs 255 crore, issued by Serenesummit Realty Private Ltd. With this addition, total encumbered (pledged) shares now stand at 10.30 crore shares, representing 7.41% of the company's paid-up share capital. Catalyst Trusteeship Ltd is not a promoter of the company; it is acting solely as a trustee for debenture holders. The pledge was created on December 29, 2025, and the disclosure was filed on December 31, 2025.
This is a debt-related encumbrance creation, not a change in ownership or promoter stake. Shareholders should note that a related entity (Serenesummit Realty) has pledged its Embassy shares to raise Rs 255 crore, which increases the pledged share count to ~7.4% — still a manageable level but worth monitoring if further pledging occurs.