Announced Tue, 22 Sept, 2026 · 17:50 IST
Promoter adds pledge on 11.53 percent Eureka Forbes shares for loan refinance
EUREKAFORB · price
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Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹376.85
prior close
₹377.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.8+0.7+1.3-0.5-1.8-4.0-3.5-3.6-9.5————
Up moveDown movePending
AI summary
Promoter Lunolux Limited created an additional pledge of 22,319,748 shares (11.53 percent of paid up capital) on Sep 15, 2026 in favor of Catalyst Trusteeship for lenders Barclays Bank and MUFG Bank. Lunolux already holds 62.55 percent in Eureka Forbes and 100 percent of promoter shares remain encumbered toward a USD 112.4 million facility used for refinancing an older loan. No new shares encumbered overall.
Likely market impact
Entire promoter stake is pledged to lenders. If facility defaults, pledge could be invoked, risking change of control at the company.