Patel Engineering Limited has seen the release of 6,16,71,158 equity shares from pledge by Catalyst Trusteeship Limited, acting as Debenture Trustee. Concurrently, a Non-Disposal Undertaking (NDU) of the same amount has been created. This transaction, dated September 17-18, 2026, adjusts the encumbrance status of a substantial block of shares representing 6.22% of the company’s total voting capital.
Share Pledge Adjustment
In a regulatory filing on September 21, 2026, Patel Engineering Limited disclosed significant adjustments concerning its equity shares. Catalyst Trusteeship Limited, acting as the Debenture Trustee on behalf of Debenture Holders, has facilitated the release of 6,16,71,158 equity shares from pledge. These shares represent approximately 6.22% of the total equity share capital of the company.
Creation of Non-Disposal Undertaking (NDU)
Following the release of pledged shares, a Non-Disposal Undertaking (NDU) for the equivalent number of shares, 6,16,71,158, has been created. This NDU affects portions of the holding by Ms. Janky Patel (2.95%) and Praham India LLP (3.26%). The equity shares were released on September 17, 2026, and the NDU was established on September 18, 2026.
Impact on Shareholding Structure
Prior to these transactions, Catalyst Trusteeship Limited held 26,10,52,982 shares, representing 26.31% of the voting capital. After the release and creation of the NDU, the holding remains the same at 26,10,52,982 shares (26.31%). However, the nature of the encumbrance has changed from pledged shares to an NDU, impacting the liquidity and control aspects of these shares. The total diluted share capital of the company remains unchanged at 99,21,41,937.
Source: BSE
