The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
PRAXIS · price
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Praxis Home Retail Ltd has disclosed a pledge of 2,36,56,000 equity shares (12.79% of total share capital) with Catalyst Trusteeship Ltd acting as Security Trustee on behalf of lenders. The pledgors are Mathew Cyriac and Elimath Advisors Private Limited, who are classified as non-promoter acquirers. The pledge was created on November 28, 2025, and the disclosure was filed on December 2, 2025. The company's total paid-up equity share capital remains at 18,49,10,684 shares of ₹5 each. This is a creation of encumbrance (pledge) and does not involve any change in the equity share capital or voting rights of the company.
A 12.79% pledge by non-promoter shareholders indicates significant borrowing or financing activity by these shareholders, which could create pressure if loan terms are not met. Investors should monitor whether this pledge is invoked or released in the future, as such events could lead to changes in shareholding.