Promoters create encumbrance (non-disposal undertaking) on 3,280,000,000 equity shares

The promoter group is creating an encumbrance — a non-disposal undertaking — over 3,280,000,000 equity shares of the company.

Wed 7 Oct 2026

Shares under Encumbrance

3,280,000,000 equity shares

Promoter Group Holding

17,414,045,221 equity shares — about 16.07% of the equity share capital

Promoter Holding (Fully Diluted)

15.46% on a fully diluted basis

What the update says

The promoter group has disclosed the creation of an encumbrance — in the form of a non-disposal undertaking — over 3,280,000,000 equity shares of the company. These are the same shares that were earmarked on 31 December 2025 for a period of five (5) years from the amendment to the implementation agreement dated 20 March 2017, as may be extended under that amendment, for the benefit of the company.

Who is creating the encumbrance

• Euro Pacific Securities Ltd: 1,053,514,629 equity shares
• Prime Metals Ltd: 519,194,121 equity shares
• Mobilvest: 315,679,773 equity shares
• Vodafone Telecommunications (India) Limited: 305,982,820 equity shares
• Trans Crystal Ltd: 275,211,762 equity shares
• Omega Telecom Holdings Private Limited: 256,841,451 equity shares
• Asian Telecommunication Investments (Mauritius) Limited: 184,675,136 equity shares
• Al-Amin Investments Limited: 153,083,382 equity shares
• Usha Martin Telematics Limited: 131,799,917 equity shares
• CCII (Mauritius), Inc.: 84,017,009 equity shares
• Total: 3,280,000,000 equity shares

The promoter group's holding

The ten promoter entities together hold 17,414,045,221 equity shares of the company, about 16.07% of its equity share capital and 15.46% on a fully diluted basis. Euro Pacific Securities Ltd holds 5,593,277,865 equity shares, and the 1,053,514,629 shares being encumbered by it are shown as 0.94% of the total share capital.

What a non-disposal undertaking means

A non-disposal undertaking is a restriction on the sale or transfer of the shares covered by it, rather than a sale of those shares. That is the type of encumbrance reported here, and the reason stated is that it is created for the benefit of the company.

Timeline in the disclosure

The creation of the encumbrance is shown as 30 September 2026, and the reporting to the stock exchanges is dated 6 October 2026. The underlying earmarking of the shares was done on 31 December 2025 for a period of five (5) years, extendable under the amendment to the implementation agreement dated 20 March 2017.

What this tells an investor

• The disclosure records an encumbrance over shares that were already earmarked for the benefit of the company.
• It is a promoter-group disclosure under the Takeover Code; the number of shares held by these promoter entities is stated in the same table.
• The encumbered block of 3,280,000,000 equity shares is spread across ten promoter entities, with Euro Pacific Securities Ltd accounting for the largest part.

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