Lone Furrow Investments Private Limited, a promoter of Medplus Health Services Limited, has created an additional pledge of 18,00,000 equity shares. This action, taken on October 23, 2026, is to maintain the required Security Cover Ratio for existing Non-Convertible Debentures. No fresh borrowing was involved in this transaction. Following this, the total pledged shares held by Lone Furrow Investments now amount to 88,00,000 equity shares.
Promoter Enhances Security Cover for Medplus Health Services
Lone Furrow Investments Private Limited, a key promoter of Medplus Health Services Limited, has executed a new pledge involving 18,00,000 equity shares of the company. This strategic move, completed on October 23, 2026, is intended to bolster the Security Cover Ratio as stipulated by the relevant Share Pledge Agreement concerning existing Non-Convertible Debentures. It is noteworthy that this creation of a pledge was not accompanied by any new borrowing.
Increased Pledged Holdings
Post this recent encumbrance, the total number of equity shares held under pledge by Lone Furrow Investments Private Limited in Medplus Health Services Limited now stands at an aggregate of 88,00,000 shares. The detailed breakdown of the encumbrance is provided in Annexure I and II of the disclosure.
The disclosure also confirms that the purpose of this arrangement is to uphold the integrity of the security cover for the company’s outstanding debt instruments.
Source: BSE
