Loan & Debt10 April 2026 at 04:38 am
Vardhman Polytex: Catalyst Trusteeship Encumbers 37.50% Promoter Shares
AI Summary
Catalyst Trusteeship Ltd, acting as a debenture trustee, has disclosed the creation of an encumbrance on 37.50% of the promoter group's equity shares in Vardhman Polytex Ltd. This action, effective April 7, 2026, is in accordance with a debenture trust deed dated March 29, 2026. The encumbrance, which includes pledge and non-disposal undertakings, serves as security for the benefit of debenture holders. This disclosure is made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Catalyst Trusteeship encumbered 37.50% of Vardhman Polytex promoter shares.
- The encumbrance secures the interests of debenture holders.
- Action is pursuant to a debenture trust deed dated March 29, 2026.
- The encumbrance became effective on April 7, 2026.