LELEAP India544865Promoter pledge update

Promoter files revised encumbrance disclosure: NDU over 1,99,05,290 shares, pledge over 26,59,108 shares

Revised Reg 31(1) disclosure from promoter Sunu Mathew on encumbrance of LEAP India shares.

By ScoutQuest · Fri 16 Oct 2026, 10:33 AM IST · 3 min read

Non-disposal undertaking shares

1,99,05,290 shares (4.50% on diluted basis) on 08-09-2026

Pledge created

26,59,108 shares (0.60%) on 07-09-2026

Post-event encumbered shares

2,25,64,398, or 5.12% of total share capital

Revised promoter encumbrance disclosure

Promoter Sunu Mathew has shared a revised disclosure under Regulation 31(1) of the SAST Regulations, covering the encumbrances created by way of pledge and non-disposal undertaking (NDU) over equity shares of LEAP India Limited. The letter asks the exchanges to take the revised disclosure on record and to consider it in supersession of the earlier disclosure of September 11, 2026, to the extent of the revisions made.

What the revision changes

• The column "Name of the entity in whose favour shares are encumbered" now also includes the names of the debenture holders on whose behalf Catalyst Trusteeship Limited is acting as Debenture Trustee.

The two creations

Sunu Philip Mathew (Promoter)

• Holding in the target company: 8,67,66,360 shares, being 19.70% of total share capital and 19.62% w.r.t diluted share capital.
• Event: creation of a Non disposal undertaking dated 08-09-2026.
• Shares encumbered: 1,99,05,290, being 4.50% of total share capital on diluted basis.
• Entity in whose favour: Catalyst Trusteeship Limited (Debenture Trustee), acting for and on behalf of the Debenture Holders, namely Medley Pharmaceuticals Limited, Bloomingdale Securities Private Limited, India Credit Excellence Fund-I and Aditya Birla Capital Limited.
• Post-event encumbered holding: 1,99,05,290 shares, being 4.52% of total share capital and 4.50% w.r.t diluted share capital.

Matyas Possessiones Private Limited (Promoter Group)

• Holding in the target company: 26,59,108 shares, being 0.60% of total share capital and 0.60% w.r.t diluted share capital.
• Event: creation of a Pledge of Shares dated 07-09-2026.
• Shares encumbered: 26,59,108, being 0.60% of total share capital on diluted basis.
• Entity in whose favour: Catalyst Trusteeship Limited (Trustee), acting for and on behalf of the same Debenture Holders.
• Post-event encumbered holding: 26,59,108 shares, being 0.60% of total share capital and 0.60% w.r.t diluted share capital.

Why the security was given

The reason stated for both entries is "As security for the debentures issued by Matyas".

The update also records the background

• An aggregate of 19,889,503 Equity Shares (1,86,76,895 Equity Shares held by Sunu Mathew and 12,12,608 Equity Shares held by Matyas Possessiones Private Limited) were pledged in favour of Catalyst Trusteeship Limited (Debenture Trustee), acting for and on behalf of the Debenture Holders, as security for the debentures issued by Matyas.
• Those pledged Equity Shares were released for the limited purpose of creation of lock-in in accordance with the applicable provisions of the Securities and Exchange Board of India (Issue of Capital And Disclosure Requirements) Regulations, 2018.
• As per the agreed terms, the encumbrance as disclosed has now been created.

Promoter-level totals

• Total promoter holding: 24,51,24,250 shares, being 55.64% of total share capital and 55.44% w.r.t diluted share capital.
• Total encumbered shares post event: 2,25,64,398, being 5.12% of total share capital and 5.10% w.r.t diluted share capital.
• Apart from Sunu Philip Mathew and Matyas Possessiones Private Limited, the other promoter group entities named in the table show nil shares encumbered in the post-event columns.

What this means in simple terms

• A non-disposal undertaking and a pledge are both forms of encumbrance over shares. In a pledge, shares stand as collateral; in a non-disposal undertaking, the holder undertakes not to sell or transfer them. The update uses the term it has applied to each entry.
• The security is for debentures issued by Matyas, a promoter group entity, in favour of debenture holders represented by the Debenture Trustee.
• The revision is about completeness of disclosure: the debenture holders behind the trustee are now named in the disclosure.

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