MEIL Holdings Limited announced the release of encumbrance on 6,38,083 shares of Olectra Greentech Limited on January 8, 2026. This release reduces the total encumbered shares to zero, impacting 0.78% of Olectra Greentech’s share capital. The release is attributed to the closure of a loan and release of a Non-Disposal Undertaking (NDU).
Encumbrance Release Announcement
MEIL Holdings Limited has released encumbrance on certain shares of Olectra Greentech Limited as of January 22, 2026. The details regarding this release are outlined below.
Details of Encumbrance Release
On January 8, 2026, MEIL Holdings Limited released encumbrance on 6,38,083 shares of Olectra Greentech Limited. This represents 0.78% of the company’s share capital. This release was due to the closure of a loan and the subsequent release of a Non-Disposal Undertaking (NDU).
Impact on Encumbered Shares
Following this release, the total number of encumbered shares of Olectra Greentech Limited held by MEIL Holdings Limited has reduced. Previously, the number of encumbered shares was 6,38,083, accounting for 1.55% of the total share capital. Now MEIL has no encumbered shares.
Reason for Release
The primary reason for the encumbrance release is the closure of a loan and subsequent release of the Non-Disposal Undertaking (NDU) that was in place with REC Limited.
Source: BSE
