Promoter CAG-TECH encumbers additional 4.99 percent shares via NDU
SUNDROP · price
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Promoter CAG-TECH (Mauritius) Ltd, holding 43.90 percent in Sundrop Brands, has encumbered an additional 18.81 lakh shares (4.99 percent) via a Non-Disposal Undertaking on June 5, 2026. All 1.65 crore promoter shares (43.90 percent of total capital) are now under NDU with Catalyst Trustee for OCA Fund III lenders, securing a loan used to acquire these additional shares. Loan repayment is due 48 months from December 2025.
All promoter shares are now encumbered, which could limit flexibility if conditions worsen. Loan repayment due in 4 years.