Catalyst Trusteeship Limited, acting as Debenture Trustee, has disclosed the release of a pledge on 4,43,65,440 equity shares of Embassy Developments Limited. This action, taken on September 4, 2026, impacts the shareholding structure of the target company. The release represents 3.19% of the total share capital and 3.15% of the diluted share capital.
Catalyst Trusteeship Discloses Share Pledge Release
Catalyst Trusteeship Limited has filed a disclosure concerning the release of pledged equity shares in Embassy Developments Limited, pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure details the relinquishment of encumbrances on a significant block of shares.
Key Shareholding Changes
As of before the acquisition/sale, Catalyst Trusteeship Limited, acting as Debenture Trustee, held 22,44,71,130 shares in Embassy Developments Limited, representing 16.14% of the total share capital and 15.92% of the diluted share capital. Following the release, a total of 4,43,65,440 shares were affected. This release is equivalent to 3.19% of the total share capital and 3.15% of the diluted share capital.
The mode of release was specified as the “release of 44365440 equity shares”. The effective date for this transaction was September 4, 2026.
Embassy Developments Capital Structure
The total equity share capital of Embassy Developments Limited before and after the said acquisition/sale remains Rs. 278,12,66,866, comprising 139,06,33,433 Equity Shares. The diluted share capital after the transaction amounts to INR 282,02,74,150, which includes 139,06,33,433 Equity Shares and an additional 1,95,03,642 Equity Shares expected from the conversion of outstanding stock options/performance stock units.
Source: BSE
