Embassy Developments: Pledge Release & Re-creation by Catalyst Trusteeship

Catalyst Trusteeship Limited, acting as Debenture Trustee, has disclosed the release and re-creation of pledge over 4,43,65,440 equity shares of Embassy Developments Limited. The transaction involved releasing a pledge and simultaneously re-creating an equivalent pledge in favour of Catalyst Trusteeship, held by Embassy Property Developments Private Limited. This action does not alter the total number of pledged shares or involve any new borrowing. The move is intended to comply with lock-in requirements under SEBI regulations. The holding of encumbered shares changed from 16.142% to 15.773% of total share capital.