Mr. Amit Goenka ,Promoter, in its disclosure dated 26th August 2025,has informed that he has pledged 92,00,000 equity shares held by company in the favour of Catalyst Trusteeship Limited.
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Mr. Amit Goenka, Promoter and Managing Director of Nisus Finance Services Co Ltd, has pledged 92,00,000 equity shares (38.52% of total share capital) in favour of Catalyst Trusteeship Limited on 20th August 2025. The pledge is created as security for loans being availed by Nisus Finance Projects LLP (a related entity) to fund the acquisition of 67,97,196 equity shares in New Consolidated Construction Company Limited (NCCCL). Prior to this pledge, Mr. Goenka held 1,74,92,398 shares (73.26%) in the company with no existing encumbrance. The disclosure was filed under Regulation 31(1) of SEBI Takeover Regulations and Regulation 30 of SEBI LODR Regulations.
This is a creation of encumbrance on promoter shares but at 38.52%, it stays below the 50% threshold. The pledge is for raising funds to acquire a stake in another company (NCCCL) through a group entity, which is a strategic expansion move. Shareholders should monitor the actual loan terms and the progress of the NCCCL acquisition, as the pledge could become a concern if the acquisition underperforms.