The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for National Asset Reconstruction Company Ltd
SIMPLEXINF · price
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National Asset Reconstruction Company Ltd (NARCL), acting through IDRCL, has received a pledge of 31,35,925 equity shares (3.96% of share capital) from the promoter of Simplex Infrastructures Ltd. This pledge was created on 30-Jul-2025. With this addition, NARCL's total encumbrance holding in Simplex stands at 94,21,636 shares (11.91%), while combined with voting rights shares, total exposure rises to 2,22,69,663 shares (28.15% of capital). The disclosure is filed because the acquirer's combined holding crossed the 25% threshold under SAST regulations due to encumbrance. This reflects the ongoing debt resolution process, as NARCL typically acquires stressed assets via pledge/enforcement from lenders.
For shareholders, this signals that the promoter has further pledged shares to an asset reconstruction company, indicating ongoing financial stress and deepening involvement of NARCL in the company. This may weigh on sentiment given that lenders now have significant encumbrance, though it could also be a step toward resolution and restructuring.