The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
SADHNANIQ · price
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Catalyst Trusteeship Ltd, acting as Security Trustee for a lender, has invoked 2,71,05,286 pledged equity shares (8.23% of total share capital) of Sadhana Nitrochem Ltd on August 7, 2025. The shares were originally pledged by Manekchand Panachand Trading Investment Co Pvt Ltd, a promoter group entity. After invocation, Catalyst Trusteeship's direct holding stands at zero, meaning the invoked shares move out of the pledged/encumbered category. The total equity capital of the company remains unchanged at 32,94,11,057 shares. A footnote clarifies that an additional 24,18,305 pledged shares pertaining to a separate lender have not been invoked.
This is a negative signal for shareholders — invocation of pledged promoter-group shares typically indicates loan default or financial stress at the promoter level, which could lead to a change in shareholding or a forced sale, putting pressure on the stock price.