Promoter creates additional pledge over 5,50,000 shares to maintain NCD security cover

Agilemed Investments Private Limited, a promoter, created additional pledges over 5,50,000 equity shares on September 30, 2026 in favour of Catalyst Trusteeship Limited (Debenture Trustee).

Wed 7 Oct 2026

Additional Pledges Created

5,50,000 equity shares on September 30, 2026

Agilemed Shares Under Pledge Post Creation

1,34,27,525 equity shares

Total Encumbered Promoter Shares

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

What was disclosed

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

How the 5,50,000 shares split up

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

Promoter holdings and encumbrance

• Agilemed Investments Private Limited holds 1,56,49,495 shares, or 13.03% of total share capital; 1,28,77,525 shares (10.72%) were already encumbered before this event.
• After this creation, Agilemed holds 1,34,27,525 equity shares of the company under pledge, equal to 11.18% of total share capital.
• 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%), and 1,53,50,400 shares (12.78%) are encumbered.

Total promoter-level picture

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

Security cover behind the encumbrance

• Agilemed: amount involved Rs. 171,00,00,000, with a ratio of A/B of 2.10.
• Lone Furrow Investments Private Limited: amount involved Rs. 550,00,00,000 (existing facility; no fresh borrowing), with a ratio of A/B of 2.10.
• Neo debenture holders: amount involved Rs. 175,00,00,000 (existing facility; no fresh borrowing), with a ratio of A/B of 2.10.
• The debt instruments involved are unlisted and unrated, and the Security Cover values are computed using the closing price of the company's shares on the relevant dates.

What a retail investor can take away

• The event is the creation of a pledge, so the promoter's shares are now additionally encumbered.
• The stated purpose is maintenance of the Security Cover Ratio on existing Non-Convertible Debentures, and the disclosure says no fresh amount has been borrowed.
• Encumbrance at the promoter level stands at 74.10% of promoter shareholding.

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