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 Harjeet Singh Arora
MASTERTR · price
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Promoter Harjeet Singh Arora has disclosed creation of a pledge on 13,00,000 equity shares of Master Trust Limited in favour of ICICI Bank Limited on June 10, 2025. The pledge was created as collateral for a loan to be availed by the company's wholly owned subsidiary, Master Capital Services Limited. Another promoter, Rajinder Kumar Singhania, has similarly pledged 13,00,000 shares, taking the total new encumbrance to 26,00,000 shares (about 2.32% of total share capital). Post this pledge, total promoter encumbrance stands at 50,00,000 shares (4.45% of total share capital), against the aggregate promoter holding of 8,13,87,120 shares (72.49%).
This is a routine disclosure of a new pledge on promoter shares taken as collateral for subsidiary-level borrowing. Since only about 4.45% of total share capital is pledged, it does not raise immediate governance or solvency concerns, though investors should monitor further encumbrances or any future invocation.