Pledge of 10.70% Sadbhav Engineering shares invoked by debenture trustee
SADBHAV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
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.