GSP Crop Science Limited has informed the Exchange regarding 'Intimation regarding creation of pledge on shares held in subsidiary company'.
GSPCROP · price
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GSP Crop Science Limited has created a pledge on 15,43,500 equity shares held in its subsidiary GSP Intermediates Private Limited (GIPL) in favor of Aditya Birla Capital Limited. The pledge was created on May 26, 2026 as security for a term loan availed by GIPL. The Company already had 49% of its GIPL shareholding (49.00% of the 79% stake) under pledge, and this new pledge adds another 13.03%, bringing the total encumbered portion of the Company's GIPL holding to 62.03%. GSP Crop Science continues to hold 79% in GIPL with no change in control or ownership.
The pledge relates to a subsidiary's shares and does not affect GSP Crop Science's own shareholder structure or trigger immediate dilution concerns. However, if GIPL defaults, the lender could exercise the pledge over a significant portion of the subsidiary's shares.