The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 11, 2025 for Rajinder Kumar Singhania
MASTERTR · price
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Promoter Rajinder Kumar Singhania, along with co-promoter Harjeet Singh Arora, has disclosed creation of a pledge on 13,00,000 equity shares (1.16% of total share capital) of Master Trust Limited with ICICI Bank Limited, dated June 10, 2025. The pledge serves as collateral for a loan being availed by the company's wholly-owned subsidiary, Master Capital Services Limited. Each promoter individually pledged 13,00,000 shares, taking their individual encumbrance to 25,00,000 shares (2.23% of capital) from 12,00,000 shares (1.07%) earlier. Total promoter holding stands at 8,13,87,120 shares (72.49% of share capital), with aggregate pledged shares now at 50,00,000 (4.45% of capital).
This is a routine pledge creation to facilitate subsidiary borrowing and does not indicate any change in promoter ownership or control. Post-pledge, total promoter encumbrance remains low at 4.45%, suggesting limited financial stress risk for shareholders at this stage.