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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Catalyst Trusteeship Ltd, acting as Debenture Trustee for debenture holders, has filed a disclosure regarding the creation of additional pledge on equity shares of Embassy Developments Ltd. The pledge relates to shares held by JV Holding Private Limited. On 10th December 2025, an additional 3.63 crore shares (2.65% of share capital) were pledged, which triggered the 2% disclosure threshold under Regulation 29(2) of the Takeover Code. Total encumbered shares now stand at 18.01 crore, representing 13.13% of total share capital and 12.52% of diluted share capital. The disclosure consolidates pledges created between 24th April 2025 and 10th December 2025, with additional shares pledged on 9th December 2025 due to share price movement.
This is a regulatory disclosure about pledge creation (not invocation or sale), so there is no immediate negative impact on shareholders. However, the rising encumbrance level (now over 13%) signals increased leverage on promoter-linked holdings, which investors should monitor for any future risk of invocation.