Catalyst Trusteeship Limited, acting as Debenture Trustee for Embassy Developments Limited, has disclosed the release of 5,35,40,000 pledged shares. This action pertains to equity shares of Embassy Developments Limited and has been reported in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The release, effective from September 2, 2026, signifies a reduction in the encumbrance on these shares.
Catalyst Trusteeship Reports Share Release
Catalyst Trusteeship Limited, in its capacity as Debenture Trustee, has filed a disclosure regarding the release of pledged shares of Embassy Developments Limited. This announcement, made on September 4, 2026, details the release of 5,35,40,000 equity shares from pledge. This regulatory filing is in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of Share Release
The disclosure indicates that prior to this release, Catalyst Trusteeship Limited held 11,66,35,240 shares in the nature of encumbrance, representing 8.387% of the total share capital and 08.271% of the diluted share capital. Following the release on September 2, 2026, the holding in encumbrance has reduced to 6,30,95,240 shares, accounting for 04.537% of the paid-up share capital and 04.474% of the fully diluted share capital.
The total equity share capital of Embassy Developments Limited before and after the said acquisition/sale remains Rs. 278,12,66,866, comprising of 139,06,33,433 Equity Shares. The total diluted share/voting capital after the transaction stands at Rs. 282,02,74,150.
The mode of acquisition/release was by Release of 5,35,40,000 Pledged Shares. This event implies a reduction in the encumbered portion of the company’s share capital.
Source: BSE
