Goswami Infratech Private Limited has submitted a disclosure regarding the encumbrance of its shares in Afcons Infrastructure Limited. As of December 17, 2025, 9,20,72,053 shares, representing 25.03% of the total share capital, are encumbered. The shares are pledged to Axis Trustee Services Limited, acting as the Common Security Trustee, for the benefit of debenture holders. This disclosure follows previous submissions regarding debenture trust deeds.
Details of Share Encumbrance
Goswami Infratech Private Limited (GIPL) has disclosed information regarding the encumbrance of shares in Afcons Infrastructure Limited. The disclosure pertains to Regulation 31(1) related to substantial acquisition of shares and takeovers.
Key Highlights
- Date of Disclosure: January 7, 2026
- Company Involved: Afcons Infrastructure Limited
- Shares Encumbered: 9,20,72,053 shares
- Percentage of Total Share Capital: 25.03%
- Pledgee: Axis Trustee Services Limited (ATSL), acting as Common Security Trustee and debenture trustee
- Date of Encumbrance: December 17, 2025
Background on the Encumbrance
The encumbrance is related to debenture trust deeds. SP Finance and SC Finance have extended the GIPL Pledge in favor of Axis Trustee Services Limited as the Common Security Trustee. This secures debenture holders of GIPL Debentures and Capespan Debentures. The existing and post-encumbrance positions of the promoter remain unchanged.
The debentures ensure that shares in Afcons Infrastructure are pledged for loan liabilities to protect the financial interest of the lenders in the company.
Details of Debt Instruments
- The encumbrance relates to rated, listed, secured, zero coupon, redeemable, non-convertible debentures.
- Nominal value of INR 100,000 each, with an aggregate value not more than INR 143,000,000,000.
- The ISIN for GIPL Debentures is INE219007362.
Purpose of Borrowed Amount
The borrowed funds have been used for several purposes including:
- Repaying existing debts of GIPL.
- Facilitating inter-corporate loans/deposits and investments in equity-like instruments within the Promoter Group to refinance debts of other entities.
- Covering costs and expenses related to issuing debentures.
Source: BSE
