The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vistra ITCL (India) Ltd
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Awaiting price reaction for this filing.
Vistra ITCL (India) Ltd, acting as a Debenture/Security Trustee (not as a promoter), has disclosed that an additional 72,08,388 equity shares (about 13.88%) of Gee Limited have been pledged in favour of it on February 3, 2026. This doubles its encumbered (pledged) holding from 72,08,388 shares (13.86%) to 1,44,16,776 shares (27.74%) of the company. The total share capital of Gee Limited remains 5,19,76,932 shares of face value Rs 2, aggregating Rs 10.39 crore. The disclosure notes that the primary onus of compliance lies with the lender or debenture holder, and Vistra is filing out of abundant caution in its trustee capacity.
This is a pledge creation event rather than a change in ownership — the shares remain with the original shareholders but are now encumbered as collateral for a debt facility. A rising pledge level (now 27.74% of the company held as encumbrance via the trustee) is worth monitoring, as sharp falls in the share price could trigger margin calls or pledge invocation.