The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
NORTHARC · price
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Awaiting price reaction for this filing.
Catalyst Trusteeship Ltd, acting as Debenture Trustee for Dvara Holdings, has released 40,55,000 equity shares (about 2.51% of Northern Arc Capital's share capital) that were pledged as security for Non-Convertible Debentures issued by Dvara Holdings. Before the release, 82,99,258 shares (5.14%) were held as encumbrance; after the release, the encumbered holding stands at 42,44,258 shares (2.63%). The shares were released in five tranches between April 8, 2025 and September 22, 2025. The acquirer is not part of the promoter/promoter group, and no promoter-level change in shareholding is indicated.
This is a positive development for the stock as it reduces the pledged/encumbered share pool tied to Dvara Holdings' NCD security, lowering any margin-call or forced-sale risk on these shares. Since the pledge is held by a non-promoter (Dvara Holdings, an investor), this does not affect promoter control but signals reduced leverage-related overhang for a notable shareholder.