Robust Marketing Services Private Limited has announced the creation of a pledge over 2,48,000 equity shares of Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL). This move, effective April 10, 2026, represents 0.1965% of the total paid-up share capital. The pledge was initiated to meet security cover requirements for a loan facility availed by SCM Growth LLP from Bajaj Finance Limited to subscribe to debentures issued by a subsidiary of DFPCL.
Details of Share Encumbrance
On April 10, 2026, Robust Marketing Services Private Limited, a promoter group entity, placed 2,48,000 shares of Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL) under pledge. This transaction increases the total encumbered shares held by the promoter to 31,53,000 shares, which accounts for approximately 2.498% of the target company’s total share capital.
Rationale for the Pledge
The creation of this additional pledge is linked to a loan facility availed by SCM Growth LLP from Bajaj Finance Limited. The funds from this facility were utilized to subscribe to Compulsorily Convertible Debentures (CCDs) issued by Deepak Mining Solutions Limited, a wholly-owned subsidiary of DFPCL. Due to current market volatility, the company opted to pledge these additional shares to ensure adequate minimum security cover as mandated by the underlying loan agreement.
Breakdown of Encumbered Assets
Following this transaction, the total encumbered shares in favor of Bajaj Finance Limited stands at 23,53,000 shares, while the remaining 8,00,000 shares are pledged in favor of Tata Capital Limited. This action underscores the promoter group’s commitment to maintaining financial compliance and security obligations concerning their debt arrangements.
Source: BSE
