The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
VARDMNPOLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Catalyst Trusteeship Limited, acting as debenture trustee for debenture holders, has disclosed creation of encumbrance on 2,54,00,000 equity shares (4.99%) of Vardhman Polytex Limited. This encumbrance is part of a Debenture Trust Deed dated March 29, 2026, where the Promoter Group is required to pledge their shareholding in favor of CTL as security. The pledge agreement became effective from April 7, 2026. The total promoter holding including this encumbrance stands at 20,65,47,910 shares representing 37.50% of share capital (40.62% on diluted basis).
The pledge creation indicates the promoters have leveraged their shares as collateral for debentures, which may signal debt funding or financial restructuring. With promoter holding at 37.50%, this remains below the 50% threshold, which could be relevant for takeover regulation compliance.