The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 10, 2026 for Rajinder Kumar Singhania
MASTERTR · price
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Promoters Mr. Harjeet Singh Arora and Mr. Rajinder Kumar Singhania have created a new pledge on 20 lakh equity shares each (total 40 lakh shares, ~3.25% of share capital) of Master Trust Ltd in favour of ICICI Bank Limited. The pledge serves as collateral for a loan to be availed by Master Capital Services Limited, a wholly owned subsidiary of Master Trust. After this creation, total pledged promoter shares stand at 1 crore shares (8.13% of share capital), up from 60 lakh shares (4.88%) earlier. This is a revised disclosure filed on March 10, 2026, with the original event dated February 16, 2026. Total promoter group holding remains at 8.84 crore shares (71.93% of share capital).
The pledge creation indicates the promoter group is raising debt for the company's subsidiary using promoter shares as collateral, which is a common practice. However, with only 8.13% of the total share capital pledged post-event, the risk to shareholders from pledge invocation remains low. Shareholders should monitor for any further encumbrance or changes in subsidiary performance.