Zuari Maroc Phosphates Private Limited has disclosed details regarding the encumbrance and subsequent release of shares held by its promoter. The filing outlines events from August 19, 2026, including the release of 4,00,00,000 shares previously pledged as collateral for a loan repayment. This action revises the promoter’s effective shareholding and impacts the pledged share figures.
Promoter Share Encumbrance Disclosure
Zuari Maroc Phosphates Private Limited has submitted a disclosure regarding the encumbrance and release of shares held by its promoter, Zuari Maroc Phosphates Private Limited. The filing, dated August 21, 2026, provides details of share transactions concerning the target company, Paradeep Phosphates Limited.
Key Share Transaction Details
The disclosure highlights a specific event on August 19, 2026. On this date, 4,00,00,000 shares, representing 3.85% of the total share capital, were released from pledge by Tata Capital Limited. This release was in connection with the repayment of a loan. Following this release, the promoter’s post-event holding of encumbered shares decreased by this amount.
Additionally, on the same date, 2,48,81,500 shares, amounting to 2.34% of the total share capital, were also released from pledge by Tata Capital Limited, again related to loan repayment. This further reduced the promoter’s encumbered shareholding. The net effect of these transactions is a significant reduction in the total number of shares encumbered by the promoter.
Promoter’s Shareholding Status
Prior to these events, the promoter held 52,29,71,970 shares, constituting 50.36% of the total share capital. A portion of these shares, specifically 6,50,00,000 shares (6.26%), was already encumbered. Following the releases, the post-event holding of encumbered shares for the promoter stands at 2,50,00,000 shares (2.41%) and 1,18,500 shares (0.01%), indicating a substantial decrease in pledged shares.
Source: BSE
