The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 02, 2025 for Shapoorji Pallonji and ....
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Shapoorji Pallonji and Company Private Limited (SPCPL), the promoter of Forbes Precision Tools and Machine Parts Ltd, has created a pledge on 2,30,000 equity shares of the company on April 30, 2025. The pledge is in favour of Catalyst Trusteeship Ltd acting as Trustee for HDFC Ltd (Housing Development Finance Corporation Ltd). The stated reason is to secure repayment obligations of SPCPL to its One Time Restructuring (OTR) lenders. SPCPL holds 3,59,67,172 shares, which is 69.71% of the company's paid-up share capital. With this new pledge, the total encumbered promoter shares have risen from 3,57,37,172 (69.27%) to 3,59,67,172 (69.71%), bringing the pledged portion to essentially the entire promoter stake in the company.
Since nearly 100% of the promoter's shareholding is now pledged against SPCPL's own debt obligations, any invocation of the pledge could materially threaten shareholding stability in Forbes Precision Tools and is a negative signal often read as financial stress at the promoter level.