Anand Sureshbhai Desai, a promoter of Anupam Rasayan India Limited, has disclosed the creation of a pledge on 2,00,000 equity shares. This action, dated August 6, 2026, is to provide additional security cover for meeting shortfalls in security cover related to the due payment and discharge of debt arising from the issuance of 16,000 senior, secured, rated, unlisted, and redeemable non-convertible debentures. The shares are pledged in favour of Catalyst Trusteeship Limited.
Promoter Share Pledge Disclosed
Anand Sureshbhai Desai, a key promoter of Anupam Rasayan India Limited, has formally disclosed the encumbrance of 2,00,000 equity shares of the company. This disclosure was made to the stock exchanges and the target company in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Reason for Encumbrance
The pledge was created on August 6, 2026, to serve as additional security cover. This is intended to meet any shortfall in the required security cover for the due payment and discharge of debt obligations. These obligations stem from the issuance of 16,000 senior, secured, rated, unlisted, and redeemable non-convertible debentures, aggregating to INR 160 Crores, issued by the company. The shares are pledged to Catalyst Trusteeship Limited, acting as the Debenture Trustee, for the benefit of Aditya Birla Capital Limited, the holder of these debentures.
Shareholding Impact
Following the creation of this pledge, Anand Sureshbhai Desai’s promoter holding in Anupam Rasayan India Limited has adjusted. His total share capital remains 1,10,76,940 shares (9.73%). However, the already encumbered portion increased, and his post-event holding of encumbered shares now stands at 71,75,780 shares, representing 6.30% of the total share capital.
Source: BSE
