The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vistra ITCL (India) Ltd
SMSPHARMA · price
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Vistra ITCL (India) Ltd, acting as Debenture Trustee for SMS Pharmaceuticals, has disclosed a release of 1,06,20,000 pledged/encumbered equity shares (11.34% of total share capital) on November 03, 2025. Prior to this release, Vistra held 2,20,86,740 encumbered shares (23.58%); after the release, encumbered holdings stand at 1,14,66,740 shares (12.24%). Vistra is not a promoter of the company and is filing this disclosure in its trustee capacity on behalf of the lender/debenture holder. The underlying pledge has been partially released, indicating reduced encumbrance on promoter-related or company-held shares.
A reduction in pledged/encumbered shares is typically seen as a positive signal for shareholders, as it lowers the risk of forced sale or invocation. The encumbered share base has been cut by nearly half (from 23.58% to 12.24%), easing pledge-related concerns for the stock.