Eureka Forbes: Catalyst Trusteeship pledges additional 11.53% shares
Catalyst Trusteeship Ltd, acting as an onshore security agent for Lunolux Limited, has disclosed the pledging of an additional 22,319,748 equity shares of Eureka Forbes Limited. This represents 11.53% of Eureka Forbes' issued and paid-up share capital. The pledge was created on September 15, 2026, as per an amendment and restatement agreement that extended the tenor and increased the total commitment of a facility agreement. This disclosure is made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, and is in addition to previous pledges. Catalyst Trusteeship clarifies it holds no beneficial interest in these shares, acting solely as a pledgee for the benefit of certain lenders.
Key Highlights
- Catalyst Trusteeship pledged an additional 22.32 million Eureka Forbes shares.
- This new pledge constitutes 11.53% of Eureka Forbes' paid-up share capital.
- The pledge is linked to an extended facility agreement and increased commitment.
- Catalyst Trusteeship acts as a security agent, not a beneficial owner.
- The disclosure is under SEBI Takeover Regulations 29(2).
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