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 Ltd, acting as a Debenture Trustee, has disclosed the creation of a pledge over 5,97,600 equity shares (13.29% of share capital) of Refex Renewables & Infrastructure Ltd. The pledger is Refex Holding Private Limited, a promoter-group entity of the company. With this new pledge, the total encumbered shares held by Catalyst Trusteeship now stand at 10,05,600 shares, representing 22.36% of the company's total share capital and 21.72% on a diluted basis. The pledge is connected to debentures issued by the company, and the pledge creation date is January 27, 2026. The disclosure is filed under Regulation 29(2) of SEBI's SAST Regulations. Catalyst Trusteeship does not belong to the promoter or promoter group.
This increases the total pledged promoter shares to over 22% of the company, raising the encumbrance burden. While this reflects ongoing debenture-related financing activity, retail investors should monitor this as higher pledged promoter shareholding can increase risk if the company faces financial stress or if the pledge is invoked.