Shareholding10 Sept 2026, 03:40 pm
Master Trust Promoters Release Encumbrances on 75 Lakh Shares
AI Summary
Master Trust Ltd announced that its promoters, Mr. Harjeet Singh Arora and Mr. Rajinder Kumar Singhania, have revised disclosures regarding the release of encumbrances on 75,00,000 equity shares. The shares were pledged as collateral with ICICI Bank Limited for a loan availed by Master Capital Services Limited, a wholly-owned subsidiary. The reason cited for the release of pledge is 'Release of Pledge due to Repayment or closure of loan'. This action signifies a reduction in promoter leverage and potentially strengthens the company's financial standing.
Key Highlights
- Promoters Harjeet Singh Arora and Rajinder Kumar Singhania released pledge on 75 lakh shares.
- Shares were collateral for a loan taken by subsidiary Master Capital Services Ltd.
- Reason for release: Repayment or closure of loan.
- Revised disclosures filed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Price Impact
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