StockWatch
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Hotels & Resorts
Shareholding4 Sept 2026, 10:10 am

Emerald Leisures Promoter Pledges 25.50% Shares

AI Summary

Nikhil Vinod Mehta, a promoter of Emerald Leisures Limited, has created a pledge over 38,30,290 equity shares, representing 25.50% of the company's total share capital. This action is in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The promoter's total shareholding in the company is 46,74,510 equity shares, which amounts to 31.12% of the total share capital. The pledge was created on September 1, 2026, as security for the allotment of Non-Convertible Debentures (NCDs). The shares have been pledged in favour of Beacon Trusteeship Limited, acting as the Debenture Trustee for Lighthouse Canton Alternatives Asset Manager Private Limited, the lender.

Key Highlights

  • Promoter Nikhil Vinod Mehta pledged 38,30,290 shares.
  • Pledged shares represent 25.50% of total share capital.
  • Total promoter holding is 31.12% (46,74,510 shares).
  • Pledge created as security for NCD allotment.
  • Disclosure made under SEBI Takeover Regulations.