The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
SADBHAV · price
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Awaiting price reaction for this filing.
On 10th September 2025, Catalyst Trusteeship Ltd, acting as Debenture Trustee for non-convertible debenture holders of Sadbhav Infrastructure Project Ltd, invoked the pledge on 1,83,50,000 equity shares (10.70% of paid-up capital) of Sadbhav Engineering Ltd. The shares were originally pledged on 13th August 2024 by Shashin Vishnubhai Patel and Sadbhav Finstock Pvt Ltd (promoter group entities) as security for the debentures. The invocation happened due to certain events of default and failure to repay the underlying debt obligations. The total share capital of the company remains 17,15,70,800 equity shares.
This is a negative development — the promoters have lost the pledged shares to the debenture trustee because of a debt default by group company Sadbhav Infrastructure Project Ltd. Investors should expect pressure on the stock and potential further disclosures as the trustee may look to sell or transfer these shares.