Pledge of 10.70% Sadbhav Engineering shares invoked by debenture trustee

Pledge invokedOwnership Changes View source PDF Explain this filing

SADBHAV · price

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Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹7.93

prior close

₹8.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.2%-0.7% vs market

Road Assets - Toll Annuity Hybrid-Annuity peers, median of 6sector-1.4%-0.4% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.4 pts less than its Road Assets - Toll Annuity Hybrid-Annuity peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-1.3

15m

-0.4

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.9-1.2-0.7-1.4-0.4

Next day

-1.6-1.9+0.2-3.0+1.3

-0.4-1.4+1.1-3.6+3.2

+5.9-0.1+6.1-3.6+9.6

+15.3-1.4+16.7-2.5+17.8

+26.7-1.0+27.7-1.3+28.1

+14.5-0.4+14.9-0.5+15.0

15d

+9.8+3.2+6.7+1.3+8.5

+2.3+4.4-2.1-2.4+4.7

-3.5+4.6-8.1-4.9+1.4

-22.4-3.6-18.9-17.0-5.4

UpDownMarket · Nifty Microcap 250Sector · Road Assets - Toll Annuity Hybrid-Annuity peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Catalyst Trusteeship Ltd, acting as debenture trustee, has disclosed invocation of the pledge over 1,83,50,000 equity shares (10.70% of total share capital) of Sadbhav Engineering. The shares were pledged for non-convertible debentures of Sadbhav Infrastructure Project Ltd and were invoked on September 10, 2025. The debt is being restructured within the Sadbhav Group. Catalyst will continue to hold the invoked shares as agent for SHAPL debenture holders. Catalyst is not part of the promoter group.

Likely market impact

Pledge invocation over 10.70% stake signals debt stress in the Sadbhav group; may weigh on stock sentiment with a large block now held by the trustee.