The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
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Indo Tech Transformers' shareholder Shirdi Sai Electricals Ltd has extended an existing pledge on 27,61,200 equity shares (26% of ITTL) in favour of Catalyst Trusteeship Ltd, which acts as the common security trustee for debenture holders. The pledge, originally created in November 2025, is being extended to cover an additional INR 75 crore of secured non-convertible debentures, taking total NCDs to INR 675 crore. No new shares were acquired, sold, or transferred, and the encumbered share count and percentage remain unchanged at 26%. Catalyst Trusteeship clarified it does not belong to the promoter/promoter group of ITTL. This is a continuation of disclosures regarding the same pledged shares, not a new transaction.
Neutral to mildly negative for shareholders — the pledge exposure of the holding company has increased with fresh borrowing, but no equity dilution or change in ownership has occurred. Investors should monitor the pledgor's debt levels as larger pledges can signal financial stress if unaddressed.