Goswami Infratech Private Limited has disclosed information regarding the encumbrance of equity shares of Afcons Infrastructure Limited. The disclosure pertains to regulations regarding the substantial acquisition of shares and takeovers. The encumbrance is related to debenture trust deeds. Details include the type of encumbrance, relevant dates, and entities involved, aiming for transparency to stakeholders.
Encumbrance Disclosure
Goswami Infratech Private Limited (“GIPL”) filed a disclosure on December 24, 2025, regarding the encumbrance of shares of Afcons Infrastructure Limited. This action is related to compliance with regulations concerning substantial acquisition of shares and takeovers, specifically with reference to a master circular dated February 16, 2023.
Details of Encumbrance
The encumbrance relates to debenture trust deeds, including a deed dated June 26, 2023, between GIPL and Axis Trustee Services Limited, acting as the debenture trustee. The disclosure details the creation of a pledge over 9,20,72,053 shares of Afcons Infrastructure Limited.
Purpose of Encumbrance
The shares are encumbered to secure debentures issued by GIPL and Capespan Investment Private Limited. These actions are part of financial transactions involving multiple entities, including SP Finance Private Limited and SC Finance and Investments Private Limited. The entities have extended a GIPL pledge in favor of Axis Trustee Services Limited.
Financial Details
The value of shares as of December 17, 2025, is approximately INR 35,63,18,84,511. The total outstanding amount related to these debentures is approximately INR 1,35,88,08,07,951.
Use of Borrowed Money
The borrowed funds are primarily used for repaying existing indebtedness, making inter-corporate deposits, and covering costs related to the issuance of debentures. These activities support the refinancing and investment strategies of the involved entities. The nature of the business of the entity involved is to act as a common security trustee.
Source: BSE
