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 March ....
EMBDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoters Embassy Property Developments Pvt Ltd (EPDPL) and JV Holding Pvt Ltd (JVHPL) have disclosed reasons for pledging additional shares of Embassy Developments Ltd between March 20-23, 2026. EPDPL pledged an additional 1.10 crore shares on March 20 and 2.50 crore shares on March 23, taking total pledged shares to 4.45 crore (3.20% of share capital). JVHPL pledged an additional 62 lakh and 1.43 crore shares in the same period, taking total to 6.53 crore shares (4.70% of share capital). Overall, 18.01 crore equity shares (12.95% of total share capital) are now encumbered in favour of Catalyst Trusteeship Ltd, with encumbered shares equalling 59.52% of promoter holding. The pledge is against secured, unrated, unlisted non-convertible debentures of face value ₹10 lakh each, raised to refinance existing facilities, meet working capital needs, and for general corporate purposes.
This is a fresh pledge of promoter shares to raise funds for refinancing and general corporate needs, which increases the encumbrance burden on promoter holdings. With over half of promoter shares already pledged, investors should monitor for any signs of financial stress at the promoter level, as further declines in share price could trigger margin calls or invocation.