Lunolux Limited, the promoter of Eureka Forbes, has disclosed the encumbrance of its entire holding, comprising 121,041,730 equity shares, representing 62.55% of the total share capital. This encumbrance, effective from May 7, 2024, is in favor of CSCGlobal Capital Markets (Singapore) Pte. Ltd. as security agent for lenders, related to a facility agreement. An additional pledge was created on July 28, 2026.
Promoter Shareholding Encumbered
Lunolux Limited (“Lunolux”) and its subsidiary Lunolux Midco Limited have disclosed the encumbrance of their shares in Eureka Forbes Limited (“TC”), the target company. This disclosure is made in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of Encumbrance
The promoter entity, Lunolux, holds 121,041,730 equity shares in Eureka Forbes, constituting 62.55% of the total issued and paid-up share capital as of June 30, 2026. The entirety of this shareholding has been encumbered. Specifically:
- Date of Reporting: August 24, 2026
- Promoter: Lunolux Limited and Lunolux Midco Limited
- Target Company: Eureka Forbes Limited
- Total Promoter Shareholding: 121,041,730 shares (62.55% of total share capital)
- Encumbered Shares as % of Promoter Shareholding: 100%
Reasons for Encumbrance
The encumbrance is linked to a facility agreement dated May 1, 2024, entered into by Lunolux (as borrower) and its lenders. Lunolux Midco has created a security interest on its entire shareholding in Lunolux, effective from May 7, 2024. This security is in favor of CSCGlobal Capital Markets (Singapore) Pte. Ltd., acting as the security agent for the benefit of the Lenders, pursuant to a deed of pledge and charge of shares dated May 1, 2024.
An additional pledge was created over shares of the TC held by Lunolux on July 28, 2026, amounting to 11,418,729 shares, representing 5.90% of the issued and paid-up share capital. The proceeds of the facility were utilized towards inter alia refinancing/repayment of an existing term loan facility.
Key Entities Involved
- Security Agent (Initial Pledge): CSCGlobal Capital Markets (Singapore) Pte. Ltd.
- Lenders (Initial Pledge): Barclays Bank PLC and MUFG Bank, Ltd.
- Security Agent (Additional Pledge): Catalyst Trusteeship Limited
It is noted that the entire shareholding of Lunolux was already encumbered as per disclosures made on May 14, 2024. The current disclosure confirms no change to the ‘post-event holding of encumbered shares’ as of July 28, 2026.
Source: BSE
