Promoter creates pledge on shares in four tranches; encumbered holding rises to 9.99%
Promoter Business Match Services (India) Private Limited has created pledges on Centrum Capital shares in four tranches.
By ScoutQuest · · 2 min read
- Encumbered holding (post-event)
- 4,98,15,000 shares (9.99%)
- Encumbered holding (prior)
- 4,81,65,000 shares (9.66%)
- Pledge tranche sizes
- 4,50,000 shares (0.09%), 4,50,000 (0.09%), 4,50,000 (0.09%), 3,00,000 (0.06%)
What was reported
Business Match Services (India) Private Limited, a promoter of Centrum Capital Limited, has disclosed creation of pledge on equity shares it holds in the company. The disclosure covers four separate tranches, reported to the stock exchanges and to the target company, with a reporting date of 19.10.2026.
The promoter holds 13,44,99,041 shares, which is 26.98% of the total share capital of Centrum Capital Limited.
Tranche by tranche
- 12.10.2026: creation of pledge on 4,50,000 shares, or 0.09% of total share capital. Encumbered holding after the event: 4,86,15,000 shares, or 9.75%.
- 12.10.2026: creation of pledge on 4,50,000 shares, or 0.09%. Encumbered holding after the event: 4,90,65,000 shares, or 9.84%.
- 13.10.2026: creation of pledge on 4,50,000 shares, or 0.09%. Encumbered holding after the event: 4,95,15,000 shares, or 9.93%.
- 13.10.2026: creation of pledge on 3,00,000 shares, or 0.06%. Encumbered holding after the event: 4,98,15,000 shares, or 9.99%.
The update names the entity in whose name the shares are encumbered for each tranche: MINSOL LIMITED, STORNANCE LIMITED, M/S. S JOGANI EXPORTS PRIVATE LIMITED and MS DESERT RIVER CAPITAL PRIVATE LIMITED, in that order.
Why it was done
The reason recorded against every one of the four tranches is "Creation due to fluctuation in market price". No other reason is stated in the disclosure.
How much the encumbrance has moved
The promoter's already-encumbered holding at the start was 4,81,65,000 shares, or 9.66% of total share capital. Across the four tranches the encumbered holding has moved up step by step to 4,98,15,000 shares, or 9.99%. Each individual tranche is small relative to the promoter's total stake, and the movement in the encumbered percentage is gradual rather than a single large block.
What this means for a retail reader
A pledge is a form of encumbrance: the shares continue to be held by the promoter, but they are committed against an obligation and are not free. A rising encumbered percentage means a larger part of the promoter's stake is tied up in this way. The disclosure is a routine reporting requirement and tells you what happened, the size of each tranche and the promoter's holding before and after; it does not by itself indicate any change in the promoter's ownership of the shares.
Points to keep in view
- The promoter's total holding is unchanged at 13,44,99,041 shares (26.98%); only the encumbered portion within that holding has increased.
- Every tranche is described in the update as a creation of pledge, not a release or an invocation.
- The four tranches taken together are the only events listed in this disclosure.
Also from Centrum Capital
Centrum Capital Ltd promoter buys 2.40% stake, holding rises to 17.79%
13 Oct 2026
Promoter creates pledge over 64,50,000 shares; encumbered holding rises to 5.21%
12 Oct 2026
1,16,87,704 equity shares allotted on exercise of convertible warrants by a promoter group entity
8 Oct 2026
More numbers
- Promoter holding in the target company13,44,99,041
- Promoter holding as % of total share capital26.98
- Encumbered shares after all four creations4,98,15,000
- Encumbered shares as % of total share capital after all four9.99
- Encumbered shares before the events4,81,65,000
- Encumbered shares as % of total share capital before the events9.66
- Shares pledged in the 12.10.2026 tranche (MINSOL LIMITED)4,50,000
- Shares pledged in the 13.10.2026 tranche (MS DESERT RIVER CAPITAL PRIVATE LIMITED)3,00,000
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