Harmonia Trade and Investment Limited has encumbered 477,478,249 shares of Ambuja Cements Limited, representing 19.23% of the total share capital. This encumbrance, created on October 21, 2026, is in favour of Deutsche Bank AG, Hong Kong Branch, acting as the security agent for lenders. Similar encumbrances were created by Holderind Investments Limited (47.72%) and Endeavour Trade and Investment Limited (0.03%) for the same purpose.
Promoter Share Encumbrance Details
Harmonia Trade and Investment Limited has formally encumbered a substantial portion of its shareholding in Ambuja Cements Limited. The disclosure, made on November 4, 2026, reveals that 477,478,249 shares have been encumbered. This quantity represents 19.23% of the total share capital of Ambuja Cements. The creation date for this encumbrance is noted as October 21, 2026.
Security for Lending Facilities
The encumbrance has been executed in favour of Deutsche Bank AG, Hong Kong Branch, which is acting as the security agent for the lenders. This arrangement is part of security arrangements for certain facilities availed by Endeavour Trade and Investment Limited. Notably, Holderind Investments Limited has also encumbered 1,185,200,361 shares (47.72%) and Endeavour Trade and Investment Limited has encumbered 702,442 shares (0.03%) under similar terms and for the same security agent.
Context of Facilities
These share encumbrances relate to facilities availed by Endeavour. The shares of Harmonia Trade and Investment Limited, Holderind Investments Limited, and Endeavour Trade and Investment Limited have been charged as security for facilities previously disclosed. Endeavour is currently availing a new facility to refinance parts of the original facilities. The security arrangements are being extended to cover the new facility, ensuring ongoing security for the lenders.
It is important to note that no pledge has been created over the shares of Ambuja Cements Limited itself. The encumbrance pertains to the shares held by the promoter entities.
Source: BSE
