Promoter pledges 15 lakh shares, 1.63% of share capital, in favour of debenture trustee
Promoter Vividhmargi Investments Private Limited has pledged 15 lakh equity shares of the company on 22/10/2026 — 1.63% of total share capital.
By ScoutQuest · · 2 min read
- Shares Pledged
- 15 lakh equity shares pledged on 22/10/2026 — 1.63% of total share capital
- Encumbered Holding Post Event
- 45,00,000 shares carry an encumbrance, equal to 4.89% of total share capital
- Value of Pledged Shares / Amount Involved
- Value of the pledged shares: ~Rs. 16.84 crore. Amount involved: Rs. 135 crore
What the update records
- Vividhmargi Investments Private Limited, a promoter, created an encumbrance by way of a pledge over 15 lakh equity shares on 22/10/2026.
- The pledge is in favour of CTL Trusteeship Limited, acting as debenture trustee. The lender named is Kotak Credit Opportunities Fund Trust – Kotak Credit Opportunities Fund.
- The pledge is pursuant to a Debenture Trust Deed. The debentures are issued by OSS Software Solutions Labs Private Limited and are described as unrated, unlisted, secured, redeemable non-convertible debentures.
- The borrowed amount is stated to be for personal use by promoters and PACs.
How large is the encumbrance
- The 15 lakh shares pledged equal 1.63% of the company's total share capital.
- After this creation, this promoter's encumbered holding stands at 45,00,000 shares, or 4.89% of total share capital.
- Total promoter shareholding of the company is ~6.18 crore equity shares, and the encumbered shares equal 2.43% of that.
- The update states that the encumbered shares are neither 50% or more of promoter shareholding nor 20% or more of total share capital.
Value and cover
- Value of the shares on the date of the event: ~Rs. 16.84 crore.
- Amount involved against which the shares are encumbered: Rs. 135 crore.
- The ratio of share value to the amount involved is 1:2.10.
What it means for a retail investor
A pledge is a form of encumbrance: the promoter continues to hold the shares and the voting rights that come with them, but the shares are marked as security for a borrowing. The disclosure tells you how much of the promoter's stake is tied up this way, and the update places it at 2.43% of total promoter shareholding. It also records what the money was raised for, which here is personal use by promoters and PACs rather than use by the listed company. Track the encumbrance column in later promoter disclosures for any release or invocation of these shares.
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More numbers
- Equity shares pledged by promoter15,00,000
- Pledged shares as % of total share capital1.63
- Promoter's encumbered shares after the event45,00,000
- Post-event encumbered shares as % of total4.89
- Total promoter shareholding6,18,03,990
- Encumbered shares as % of promoter shareholding2.43%
- Value of shares on date of eventRs. 16,83,75,000
- Amount involved against which shares are encumberedRs. 135,00,00,000
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