The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
Awaiting price reaction for this filing.
Catalyst Trusteeship Limited, acting as a Debenture Trustee on behalf of debenture holders, has received a pledge over 4,31,000 equity shares of Refex Renewables & Infrastructure Limited, representing 9.58% of the company's total share capital. The shares were pledged by Refex Holding Private Limited in two tranches: 1,60,000 shares on 30th October 2025 and 2,71,000 shares on 27th January 2026. The pledged shares are held as encumbrance, meaning the actual equity ownership does not change hands. Catalyst Trusteeship is not part of the promoter or promoter group of the company.
This is a creation of a pledge (encumbrance), not a change in ownership, so there is no direct impact on shareholding or voting control. However, the pledge of nearly 9.58% of equity by a promoter-group entity signals that the company or its promoter is raising debt against these shares, which investors should monitor for any future risk of invocation or dilution if the pledge is enforced.