Catalyst Trusteeship Limited, acting as Debenture Trustee, has disclosed the creation of a pledge on equity shares of Embassy Developments Limited. This action affects 4,43,65,440 equity shares, representing 3.19% of the total voting capital. The pledge was created by entities other than promoters, impacting the encumbrance status of these shares as of September 10, 2026.
Share Pledge Disclosure
Catalyst Trusteeship Limited, in its capacity as a Debenture Trustee, has formally disclosed the creation of a pledge on equity shares of Embassy Developments Limited. This disclosure, made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, pertains to the creation of an encumbrance on a significant block of shares.
Key Details of the Pledge
- Target Company: Embassy Developments Limited
- Acquirer/Pledgee: Catalyst Trusteeship Limited (acting as Debenture Trustee on behalf of Debenture holders)
- Number of Shares Pledged: 4,43,65,440 equity shares
- Percentage of Voting Capital Pledged: 3.19%
- Nature of Encumbrance: Pledge
This transaction signifies an encumbrance on approximately 3.19% of the total voting rights in Embassy Developments Limited. The details indicate that prior to this pledge, Catalyst Trusteeship Limited held no shares carrying voting rights. The pledge was created on shares other than those held by promoters.
Shareholding and Capital Structure
As of June 30, 2026, the equity share capital of Embassy Developments Limited comprised 139,06,33,433 Equity Shares. Following the creation of this pledge, the total number of shares in nature of encumbrance has increased, reflecting the 4,43,65,440 shares now subject to the pledge. The disclosure highlights the change in the encumbered portion of the company’s share capital.
Transaction Mode and Date
The pledge was created by way of an encumbrance, as detailed in the transaction documents. The effective period for this disclosure spans from September 8, 2026, to September 9, 2026, with the announcement being made on September 10, 2026.
Source: BSE
