StockWatch
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Household Appliances
Shareholding7 Aug 2026, 07:10 pm

Eureka Forbes Promoter Lunolux Midco Limited Encumbers 62.55% Stake

AI Summary

Eureka Forbes Limited's promoter, Lunolux Midco Limited, has revised disclosures regarding the encumbrance of its shares. Lunolux Midco Limited and its subsidiary Lunolux Limited, collectively holding 62.55% of Eureka Forbes' total paid-up share capital, have encumbered their entire stake. This includes a pledge over 100% of Lunolux Limited's shares held by Lunolux Midco, created on May 7, 2024, with CSCGlobal Capital Markets (Singapore) Pte. Ltd. acting as security agent for Lenders including Barclays Bank PLC and MUFG Bank, Ltd. The borrowed amount was used for repayment of an existing facility obtained by Lunolux. Additionally, a non-disposal undertaking was placed on May 7, 2024. An additional pledge of 11,418,729 equity shares (5.90% of total paid-up share capital) was created on July 28, 2026, in favor of Catalyst Trusteeship Limited, acting as security agent for the Lenders, pursuant to the Facility Agreement.

Key Highlights

  • Promoter Lunolux Midco Limited encumbered 62.55% stake in Eureka Forbes.
  • Encumbrance includes pledge and non-disposal undertaking effective May 7, 2024.
  • Funds were utilized for repayment of existing facility by Lunolux.
  • Additional pledge of 5.90% shares created on July 28, 2026.
  • Security agents are CSCGlobal Capital Markets and Catalyst Trusteeship.