Announced Mon, 13 Jul · 14:57 IST
Promoter CAG-TECH encumbers additional 4.99 percent shares via NDU
SUNDROP · price
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Price reaction · full curve 14 horizons · vs prior close
+3.0%1-day move
₹626.45
prior close
₹638.05
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
———-0.1+3.0+1.5+2.2+3.0+1.2+3.6————
Up moveDown movePending
AI summary
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.
Likely market impact
All promoter shares are now encumbered, which could limit flexibility if conditions worsen. Loan repayment due in 4 years.