Promoter Lunolux creates additional 5.9 percent pledge on Eureka Forbes shares
EUREKAFORB · price
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Lunolux Limited, Eureka Forbes promoter with 62.55 percent stake, created an additional pledge of 1.14 crore shares (5.90 percent of capital) on July 28, 2026 to Catalyst Trusteeship, security agent for Barclays and MUFG lenders. Promoter full 12.10 crore shareholding is now encumbered, above 50 percent threshold. Funds were used to refinance existing debt facility.
Full promoter stake now encumbered with lenders; raises risk of lender intervention if refinanced facility faces stress.