CTL Trusteeship Limited has filed a disclosure concerning the creation of an encumbrance on the equity shares of Archean Chemical Industries Limited. This action is taken as per Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The encumbrance, a pledge of shares, has been established in favour of CTL Trusteeship Limited, acting in its capacity as a Security Trustee for the benefit of the Lender(s). This filing provides transparency on corporate actions affecting share ownership.
Disclosure of Share Encumbrance Filed
CTL Trusteeship Limited has formally announced the creation of an encumbrance on the equity shares of Archean Chemical Industries Limited. This disclosure is mandated by Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The announcement dated June 12, 2026, details the specifics of this corporate action.
Details of the Encumbrance
The encumbrance has been established in the form of a pledge of shares. CTL Trusteeship Limited is acting as the Security Trustee for this arrangement, representing the interests of the Lender(s). The specific details indicate that 79,00,000 equity shares of Archean Chemical Industries Limited have been pledged. This constitutes 6.40% of the total share capital and 6.40% of the total diluted share capital of the company. The date of acquisition of this intimation was June 10, 2026.
Target Company Information
The shares pledged belong to Archean Chemical Industries Limited. The company’s shares are listed on both the BSE Limited and the National Stock Exchange of India Limited. The disclosure confirms that CTL Trusteeship Limited is acting as the Security Trustee on behalf of the Lender(s) and does not belong to the promoter or promoter group of the target company.
Key Dates and Figures
The disclosure pertains to a pledge of 79,00,000 equity shares. The total share capital and voting capital of Archean Chemical Industries Limited before and after the said acquisition/sale is stated as INR 12,34,58,394 (shares of Face value of Rs. 02 each). The total diluted share/voting capital also stands at INR 12,34,58,394. The key dates associated with this disclosure are the filing date of June 12, 2026, and the date of receipt of intimation for the pledge on June 10, 2026.
Pledgor Details
The pledgor of these shares is M/s Chemikas Speciality LLP. The salient features of the securities acquired include the pledge over 79,00,000 equity shares, effective until redemption, acting as security for the loan provided by the lender(s) through CTL Trusteeship Limited.
Source: BSE
