Catalyst Trusteeship Limited, acting as Debenture Trustee, has announced a pledge on equity shares of Embassy Development Limited. This pledge secures the issuance of INR 255,00,00,000 in Tranche I Debentures and INR 30,00,00,000 in Tranche II Debentures by Serenesummit Realty Private Limited. The announcement, dated January 23, 2026, details the specifics of the encumbrance.
Details of Equity Pledge
Catalyst Trusteeship Limited, in its capacity as Debenture Trustee, has created a pledge on equity shares of Embassy Development Limited to secure debenture issuances.
Tranche I Debentures
A pledge has been created on equity shares to secure 2,550 secured, unlisted, redeemable, and non-convertible debentures. These debentures have a face value of INR 10,00,000 each, aggregating up to INR 255,00,00,000. These are referred to as “Tranche I Debentures” and are issued by Serenesummit Realty Private Limited.
Tranche II Debentures
Additionally, a pledge secures 300 secured, unlisted, redeemable, and non-convertible debentures with a face value of INR 10,00,000 each, totaling up to INR 30,00,00,000. These are the “Tranche II Debentures,” also issued by Serenesummit Realty Private Limited.
Share Encumbrance Details
Before this announcement, the number of shares encumbered with the acquirer was 10,30,95,240, representing 7.414% of the total share/voting capital and 7.302% of the total diluted share/voting capital.
After the acquisition/sale, the number of shares encumbered with the acquirer remains 10,30,95,240, representing 7.414% of the total share/voting capital and 7.302% of the total diluted share/voting capital.
Equity Capital Information
The equity share capital/total voting capital of Embassy Development Limited before and after the sale/acquisition is Rs. 278,12,66,866 comprising of 139,06,33,433 Equity Shares.
The total diluted share/voting capital of the company after the said acquisition is Rs. 282,37,30,034, which includes 139,06,33,433 Equity Shares and 2,12,31,584 Equity Shares arising out of the conversion of 100% of the outstanding stock options/Performance Stock Units.
Source: BSE
