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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Catalyst Trusteeship Limited, acting as an onshore security agent (not a promoter), has disclosed the creation of a non-disposal undertaking over 25,73,081 equity shares of Tanfac Industries, representing 25.80% of the share capital. The encumbrance was created on February 14, 2026. The disclosure is being made under SEBI's Substantial Acquisition of Shares & Takeovers Regulations because the encumbrance crosses the 25% reporting threshold. Tanfac is also undergoing a share split (from ~99.75 lakh shares to ~1.995 crore shares), so post-split the encumbered shares will be 51,46,162, still equalling 25.80% of the expanded capital. No actual shares were bought or sold — this is purely an encumbrance (lock-in) creation, typically linked to a loan or debt facility where promoter-held shares have been pledged as collateral.
While no shares changed hands, a non-disposal undertaking on 25.80% of the company signals that a large block of shares is locked in as collateral, often indicating promoter-level borrowing or financial leverage. Retail investors should treat this as a risk flag and look for more details on the underlying loan arrangement and which shareholders are affected.