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

Promoter Lone Furrow Investments Private Limited has created an additional pledge of 16,00,000 equity shares of Medplus Health Services Ltd on September 29, 2026 in favour of Catalyst Trusteeship Limited.

Wed 7 Oct 2026

Additional Pledge Created

16,00,000 equity shares of Medplus Health Services Ltd on September 29, 2026

Total Shares Under Pledge After Event

70,00,000 equity shares under pledge, which is 5.83% of total share capital

Stated Reason

to maintain the Security Cover Ratio under the Share Pledge Agreement for existing Non-Convertible Debentures

What the promoter has done

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

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 update states that no fresh amount has been borrowed.

Where Lone Furrow stands after this event

• Shares held: 1,72,80,732 equity shares, or 14.38% of total share capital
• Shares encumbered before this event: 54,00,000, or 4.49% of total share capital
• Shares encumbered in this event: 16,00,000, or 1.33% of total share capital
• Shares under pledge after this event: 70,00,000, or 5.83% of total share capital
• Encumbered shares as a percentage of Lone Furrow's own holding: 14.50%

The promoter group as a whole

• Total promoter shareholding: 4,82,80,627 shares, or 40.19% of total share capital
• Agilemed Investments Private Limited: 1,28,77,525 shares encumbered, or 26.67% of its holding
• Lone Furrow Investments Private Limited: 70,00,000 shares encumbered, or 14.50% of its holding
• Madhukar Reddy Gangadi: 1,53,50,400 shares encumbered, or 31.79% of its holding
• Total encumbered promoter shares: 3,52,27,925, or 72.96% of total promoter shareholding

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.

Amount the shares stand as security for

The disclosure records the amount involved, against which shares have been encumbered, as 550,00,00,000 for Lone Furrow Investments Private Limited, described as an existing facility with no fresh borrowing. The ratio of security cover is stated as 2.10. The debt instruments covered in the annexure are unlisted and carry an Unrated credit rating.

How a retail investor may read this

An additional pledge means more of the promoter's shares are now tied up as security. Here the trigger is maintaining the cover ratio for an existing Non-Convertible Debenture facility rather than raising new money. The proportion of promoter holding that is encumbered is a figure investors commonly track, because it can matter if a pledge is invoked. The points above are what the disclosure records.

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