Cohance Promoters Pledge 54.36% Shares for Loan Facilities

Cohance Lifesciences' promoters, Berhyanda Limited and Jusmiral Holdings Limited, have pledged a significant portion of their equity shares. A total of 207,974,582 equity shares, representing 54.36% of Cohance Lifesciences' total share capital, have been pledged to Catalyst Trusteeship Limited as an onshore security agent. This pledge secures term loan facilities availed by the promoters from various lenders. Additionally, covenants restrict the disposal and creation of further security on a larger block of 219,930,170 shares (57.49%) of the company held by the promoters. The shares of the borrowing entities themselves have also been pledged to an offshore security agent.