Lunolux Limited has filed a disclosure regarding the encumbrance of shares held by its promoter entities, Lunolux Midco Limited and Lunolux Limited. The disclosure, dated August 7, 2026, details the creation of pledges and non-disposal undertakings on shares of Eureka Forbes Limited. These encumbrances are linked to facility agreements and provide security for borrowed amounts, impacting 62.55% of the total share capital.
Disclosure of Promoter Share Encumbrance
Lunolux Limited has submitted a crucial disclosure to the stock exchanges and Eureka Forbes Limited, detailing the encumbrance of shares held by its promoter entities. This filing is made in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Promoter Entities and Shareholding
The disclosure covers shareholdings by Lunolux Midco Limited and its wholly-owned subsidiary, Lunolux Limited. Lunolux Midco is identified as the primary promoter, although it does not directly hold equity shares in Eureka Forbes Limited. Lunolux Limited, as the promoter of Eureka Forbes Limited, holds 121,041,730 equity shares, constituting 62.55% of the total share capital as of June 30, 2026.
Details of Encumbrances
The filing outlines several encumbrance events:
- Creation of Pledge (May 7, 2024): Lunolux Midco Limited pledged 100% of its shares in Lunolux Limited. This was in relation to a facility agreement and for the repayment of borrowed amounts totaling approximately USD 1,730. The security agent for this pledge is CSCGlobal Capital Markets (Singapore) Pte. Ltd. for the benefit of various lenders, including Barclays Bank PLC. The value of shares encumbered is INR 54,444,570,154.
- Non-disposal Undertaking (May 7, 2024): A non-disposal undertaking was provided by Lunolux.
- Creation of Pledge (July 28, 2026): Lunolux Limited created a pledge over 11,418,729 equity shares, representing 5.90% of the total paid-up share capital of Eureka Forbes Limited. This pledge, valued at approximately INR 521,20,78,852.05, is in favour of Catalyst Trusteeship Limited, acting as a security agent. The proceeds of the facility were utilized towards refinancing/repayment of an existing term loan facility.
Nature of Encumbrance
The encumbrances involve pledges and non-disposal undertakings, primarily created in connection with facility agreements and the borrowing of funds. The detailed breakdown indicates the specific number of shares and the percentage of total share capital affected by these arrangements.
Source: BSE
