The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
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Steel Exchange India Ltd (SEIL) reported a new pledge of 12 crore equity shares, equal to 9.62% of total share capital and 9.41% of diluted share capital. The pledge was created on February 26, 2026 by Catalyst Trusteeship Limited, acting as a Debenture Trustee on behalf of Vizag Profiles Private Limited (the pledgor/issuer). The acquirer explicitly does not belong to the promoter or promoter group of SEIL. Before this transaction, Catalyst Trusteeship held no shares or encumbrance in the company; after the pledge, it holds 12 crore shares solely as pledged encumbrance.
This is a debt-related encumbrance rather than a change in beneficial ownership, so it does not directly affect shareholding control. Retail investors should monitor this closely — if Vizag Profiles defaults on its debentures, the pledged shares could be invoked or transferred, potentially increasing supply in the market.