The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 09, 2025 for Vizag Profiles Pvt Ltd
STEELXIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Vizag Profiles Pvt Ltd has released an existing pledge on 17,16,00,000 shares (13.76% of total share capital) after fully repaying the underlying loan. Simultaneously, the same number of shares (17,16,00,000, 13.76%) have been pledged afresh in favour of Catalyst Trusteeship Limited (Debenture Trustee). The new pledge acts as collateral for 18,500 unrated, unlisted, secured, redeemable non-convertible debentures of INR 1 lakh each, aggregating to INR 185 crore, issued by Vizag Profiles. Total promoter shareholding remains unchanged at 50.80% (63.35 crore shares), of which 27.08% is currently encumbered. This is effectively a rollover of pledged shares from an old lender to a new debenture trustee, with no change in the count of encumbered shares.
Neutral to mildly positive for shareholders — the old loan has been repaid in full showing deleveraging, while the new INR 185 crore NCD pledge only swaps one lender for another without altering promoter ownership or total pledged quantity. No change in promoter control or voting rights.