The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 28, 2025 for MBL A Capital Ltd
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Promoter entity MBL A Capital Ltd has created a new pledge of 89,56,480 shares (5.87% of total share capital) on August 26, 2025, in favour of SBICAP Trustee Company Ltd acting on behalf of a working capital consortium of banks led by State Bank of India (also including PNB, Indian Overseas Bank, Bank of Maharashtra, and Bank of Baroda). Prior to this pledge, MBL A Capital held 3,21,90,047 shares (21.10% of share capital), of which 63,26,718 shares (4.15%) were already encumbered. After the new pledge, total encumbered promoter shares stand at 1,52,83,198 (10.02% of total share capital). This is a revised disclosure filed under Regulation 31(1) and 31(2) of SEBI SAST Regulations, 2011, relating to encumbrance of promoter shares for the company's working capital needs.
The pledge creation signals that the company is securing additional working capital funding from a bank consortium, with promoter shares as collateral. While this provides liquidity for operations, it raises the encumbered promoter stake to nearly half of MBL A Capital's holding (about 47.5%), meaning any default could trigger invocation and sale of these shares, creating overhang risk for shareholders.