Restaurant Brands Asia Limited has issued a revised disclosure concerning the creation of a pledge on shares. This clarification addresses a query from stock exchanges regarding the original submission, which only named the Trustee. The revised filing now includes the names of the Debenture Holders (lenders), ensuring full compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Updated Share Pledge Details
Restaurant Brands Asia Limited has provided a revised disclosure to the stock exchanges, following an email query dated July 29, 2026. The initial disclosure on July 23, 2026, related to the creation of a pledge on shares, had only specified the name of the Trustee. In response to the query, the company is now submitting an updated disclosure to include the names of the Security Trustee and the Debenture Holders (lenders).
Regulatory Compliance
This revised submission aims to comply fully with the requirements of Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The original disclosure had been noted for omitting the specific lender names, only identifying the entity in whose favour the shares were encumbered.
Encumbrance Details
The encumbrance, a Pledge, was created on July 14, 2026. It involves 11,88,93,177 shares, representing 14.84% of the total share capital on a fully diluted basis. The shares are encumbered in favour of CTL Trusteeship Limited, acting on behalf of the debenture holders. These debentures are related to funds raised for acquisition purposes. The original promoter holding in the target company, Lenexis Foodworks Private Limited, was 47.80% before this encumbrance.
The debentures associated with this pledge are identified as secured, unrated, and non-convertible. Details include the issuer (Lenexis Foodworks Private Limited and Inspira Realty 2 Private Limited) and the aggregate amounts of debentures issued or to be issued. The proceeds from these debentures were utilized for acquiring shares of the listed company through various agreements, including a share purchase agreement and a securities subscription agreement, which triggered an open offer.
Source: BSE
