Ambuja Cements Limited has reported the creation of encumbrances on a substantial portion of its shares. These encumbrances, totaling 1,663,381,052 shares, represent 66.94% of the total share capital. The shares are held by three promoter entities: Harmonia Trade and Investment Limited, Holderind Investments Limited, and Endeavour Trade and Investment Limited. The encumbrances were created as security for certain facilities availed by Endeavour.
Promoter Shareholdings Encumbered
Ambuja Cements Limited has disclosed the creation of encumbrances on a significant number of shares held by its promoter entities. As of October 26, 2026, a total of 1,663,381,052 shares, accounting for 66.94% of the company’s total share capital, have been encumbered. This disclosure pertains to shares held by Harmonia Trade and Investment Limited, Holderind Investments Limited, and Endeavour Trade and Investment Limited.
Details of Encumbrance Creation
The encumbrances were established on various dates in September 2024, primarily as security for facilities availed by Endeavour Trade and Investment Limited. Specifically, 477,478,249 shares (19.23% of total capital) from Harmonia Trade and Investment Limited and 702,442 shares (0.03% of total capital) from Endeavour Trade and Investment Limited were encumbered on September 25, 2024. Additionally, 1,185,200,361 shares (47.72% of total capital) from Holderind Investments Limited were encumbered on September 26, 2024. The security is provided to Deutsche Bank AG, Hong Kong Branch, acting as the security agent for the lenders.
Facility and Security Details
These encumbrances are related to both original and new facilities being availed by Endeavour. The original facilities were secured under disclosures made in October 2023 and subsequently updated in April and September 2024. A new facility has also been arranged, which involves refinancing existing facilities. Deutsche Bank AG, Hong Kong Branch, serves as the agent for these facilities. The value of shares on the date of the event was approximately USD 1.375 billion, against which shares have been encumbered.
Note on Share Ownership
It is noted that no pledge has been created over the shares of Ambuja Cements Limited itself. The encumbrances detailed are on the shares held by the promoter entities in Ambuja Cements Limited.
Source: BSE
