Axis Trustee Services Limited, acting as the debenture trustee, has announced details regarding the encumbrance of shares of Afcons Infrastructure Limited. As of December 17, 2025, 9,20,72,053 shares, representing 25.03% of the total share capital, are encumbered. This action relates to debenture trust deeds involving Goswami Infratech Private Limited (GIPL) and Capespan Investment Private Limited.
Details of Share Encumbrance
As of December 17, 2025, Axis Trustee Services Limited, in its capacity as a debenture trustee, holds encumbered shares of Afcons Infrastructure Limited. The total number of shares encumbered is 9,20,72,053, representing 25.03% of the total share/voting capital of Afcons.
Background on Encumbrance
The share encumbrance is linked to debenture trust deeds involving two entities:
Goswami Infratech Private Limited (GIPL): GIPL created a pledge over 1,85,13,453 shares of Afcons, constituting 5.03% of Afcons’ share capital, in favor of Axis Trustee Services Limited as the GIPL Debenture Trustee.
Capespan Investment Private Limited (Capespan): Related to debentures issued, with Axis Trustee Services Limited acting as the debenture trustee.
Role of Axis Trustee Services
Axis Trustee Services Limited acts as the Common Security Trustee for the GIPL Pledge and the Afcons Pledge, benefiting the debenture holders of both the GIPL Debentures and the Capespan Debentures.
Source: BSE
