Promoter creates additional pledge of 16,00,000 equity shares to maintain NCD security cover

Promoter Lone Furrow Investments has created an additional pledge of 16,00,000 equity shares of Medplus Health Services.

Wed 7 Oct 2026

Additional Pledge Created

16,00,000 equity shares

Pledge Date

September 29, 2026

Total Encumbered Promoter Shares

3,52,27,925 (72.96% of promoter holding)

What has been disclosed

Promoter Lone Furrow Investments Private Limited has created an additional pledge of 16,00,000 equity shares of Medplus Health Services Limited on September 29, 2026, in favour of Catalyst Trusteeship Limited, acting as Debenture Trustee for Avendus Finance Private Limited, the Debenture Holder.

Why the shares were pledged

The stated reason is to maintain the Security Cover Ratio required under the relevant Share Pledge Agreement in respect of the existing Non-Convertible Debentures. The disclosure states that no fresh amount has been borrowed.

Where this leaves the promoter's stake

• Lone Furrow holds 1,72,80,732 equity shares, equal to 14.38% of the total share capital
• Before this event, 54,00,000 shares (4.49%) of this holding were already encumbered
• The fresh pledge is 16,00,000 shares, or 1.33% of the total share capital
• After the creation of this pledge, 70,00,000 shares of this promoter are under pledge, equal to 5.83% of the total share capital

The promoter group as a whole

• Total promoter shareholding is 4,82,80,627 shares, or 40.19% of the total share capital
• Total encumbered promoter shares are 3,52,27,925, which is 72.96% of promoter shareholding
• Agilemed Investments Private Limited: 1,28,77,525 shares encumbered (26.67% of its holding)
• Lone Furrow Investments Private Limited: 70,00,000 shares encumbered (14.50% of its holding)
• Madhukar Reddy Gangadi: 1,53,50,400 shares encumbered (31.79% of the holding)
• The disclosure answers Yes to whether encumbered shares are 50% or more of promoter shareholding, and Yes to whether they are 20% or more of total share capital

What amount sits behind this encumbrance

The encumbrance column covering this pledge records an amount involved of Rs. 550,00,00,000, described as an existing facility with no fresh borrowing.

How a retail investor can read a pledge

A pledge means the promoter has offered these shares as security to a lender. If the borrower does not repay, the lender can sell those shares to recover its dues. Pledging by itself does not change who owns the shares, but the larger the part of the promoter's holding that is pledged, the larger the portion of that stake committed as collateral. Here, the stated purpose is to keep the security cover in place for debentures that already exist, without any new borrowing.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.