The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
INDOBORAX · price
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Awaiting price reaction for this filing.
Zenrock Chemicals Private Limited (ZCPL), a promoter group entity, has pledged its entire shareholding of 98,82,230 equity shares in Indo Borax & Chemicals Ltd, representing 30.80% of the company's equity share capital. The pledge was created on February 03, 2026 in favour of Catalyst Trusteeship Limited, acting as debenture trustee for India Special Assets Fund III, ISAF III Onshore Fund, and Special Situation India Fund. This is a first-ranking exclusive pledge, likely executed to secure debentures issued by ZCPL. No change in the total equity share capital of Indo Borax & Chemicals has occurred; only the encumbrance status of existing promoter shares has changed. The acquirer (Catalyst Trusteeship) has explicitly stated it does not belong to the promoter or promoter group.
The pledging of the entire promoter holding (30.80%) signals potential financial stress or a funding requirement at the promoter entity level, which is a negative sentiment trigger for retail investors. If the pledge is invoked in the future, it could lead to a change in promoter control and possible share price pressure.