Catalyst Trusteeship Discloses Encumbrance on Sundrop Brands Shares

Catalyst Trusteeship Limited, acting as Onshore Security Agent, has disclosed the creation of a hold Non-Disposal Undertaking (NDU) and encumbrance over 18,81,073 equity shares of Sundrop Brands Limited. This action secures term loan facilities availed by CAG-Tech (Mauritius) Limited, the borrower. The encumbrance represents 4.99% of the total share capital and 4.80% on a diluted basis. Following this, the total encumbered shares held by Catalyst Trusteeship, along with PACs, amount to 1,65,47,595 shares, representing 43.90% of the total share capital and 42.27% on a diluted basis.