Promoter Agilemed creates additional pledge over 5,50,000 shares

Promoter Agilemed Investments created additional pledges over 5,50,000 equity shares on September 30, 2026.

Wed 7 Oct 2026

Newly pledged shares

5,50,000 equity shares (0.46% of total share capital)

Agilemed shares under pledge post event

1,34,27,525 shares (11.18% of total share capital)

Total promoter encumbered shares

3,57,77,925 shares, 74.10% of promoter shareholding

What was disclosed

Agilemed Investments Private Limited, a promoter of the company, has informed the stock exchanges that on September 30, 2026 it created additional pledges over an aggregate of 5,50,000 equity shares in favour of Catalyst Trusteeship Limited, acting as Debenture Trustee.

The shares are split into two parts

• 3,00,000 equity shares in respect of the Non-Convertible Debentures held by Modulus Alternatives Investment Managers Limited (formerly Centrum Alternative Investment Managers Limited)
• 2,50,000 equity shares in respect of the Non-Convertible Debentures held by the Neo debenture holders

Why the pledge was created

The update states the shares were pledged to maintain the Security Cover Ratio required under the respective Share Pledge Agreements. It also states that no fresh amount has been borrowed.

Agilemed's holding and encumbrance

• Total holding: 1,56,49,495 shares, or 13.03% of total share capital
• Already encumbered before this event: 1,28,77,525 shares, or 10.72%
• Shares under pledge after this creation: 1,34,27,525 shares, or 11.18%
• The newly pledged shares: 5,50,000, or 0.46% of total share capital

Other promoters and persons acting in concert

• Lone Furrow Investments Private Limited: holds 1,72,80,732 shares (14.38%), of which 70,00,000 shares (5.83%) are encumbered
• Madhukar Reddy Gangadi: holds 1,53,50,400 shares (12.78%), of which 1,53,50,400 shares (12.78%) are encumbered

Promoter group total

• Total promoter shareholding: 4,82,80,627 shares, or 40.19% of total share capital
• Total encumbered shares: 3,57,77,925, which is 74.10% of promoter shareholding
• Agilemed's encumbered shares are 27.81% of promoter shareholding, Lone Furrow's 14.50% and Madhukar Reddy Gangadi's 31.79%
• The update records that the encumbered shares are 50% or more of promoter shareholding, and 20% or more of total share capital

Amount involved

The update records the amount involved against which shares have been encumbered in three groups: Rs. 171,00,00,000, Rs. 550,00,00,000 and Rs. 175,00,00,000, each with a ratio of A/B of 2.10. For two of these groups, the update marks the borrowing as an existing facility with no fresh borrowing.

What this means for a retail investor

An encumbrance means the promoter's shares are not freely available — they are held as security with a debenture trustee until the related borrowing is repaid or the security is released. Here the update's own stated reason is maintaining the Security Cover Ratio on existing Non-Convertible Debentures, supported by the statement that no fresh amount has been borrowed. A higher share of promoter holding under encumbrance is a data point investors track, because it links the promoter's holding to the company's debt obligations. The disclosure is a regulatory update about a change in promoter share encumbrance, and the update sets out the before and after numbers so the change can be seen in proportion.

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