Aequs promoter pledges entire 14.99% stake for ₹200 crore facility
- Melligeri Private Family Foundation pledged 100% of its 10,05,13,070 shares, representing 14.99% of Aequs Limited
- The pledge secures a ₹200 crore finance facility from 360 One Prime Ltd for investment purposes
- Total promoter group holding is 59.09%, with pledged shares constituting 25.36% of this group holding
- Security cover ratio stands at 11.50:1, with share value at ₹2,300.74 crore against the loan amount
*this image is generated using AI for illustrative purposes only.
Melligeri Private Family Foundation has pledged its entire shareholding in Aequs Limited to secure a finance facility. The disclosure confirms the creation of a pledge on 10,05,13,070 equity shares, representing 14.99% of the total share capital.
The encumbrance was created on September 21, 2026, in favor of 360 One Prime Ltd, an NBFC. The funds are being raised as security for a finance facility amounting to ₹200 crore, which may be extended from time to time for making investments.
Pledge details
The foundation holds 10,05,13,070 shares, all of which have now been encumbered. This constitutes 100% of the specific promoter's shareholding. The total promoter and promoter group holding stands at 39,62,82,820 shares, or 59.09% of the paid-up capital. The pledged shares represent 25.36% of this total group holding.
| Metric | Value |
|---|---|
| Shares pledged | 10,05,13,070 |
| % of total share capital | 14.99% |
| % of promoter shareholding | 100% |
| Pledgee | 360 One Prime Ltd |
| Facility amount | ₹200 crore |
Security cover
The document outlines the valuation metrics associated with the transaction. The value of the pledged shares on the date of the event was ₹2,300.74 crore against the borrowing amount of ₹200 crore.
| Parameter | Amount |
|---|---|
| Value of shares (A) | ₹2,300.74 crore |
| Amount involved (B) | ₹200 crore |
| Ratio (A/B) | 11.50:1 |
What the Numbers Show
The security cover ratio of 11.50:1 indicates that the value of the collateral significantly exceeds the initial borrowing amount. While the pledging covers 100% of the Melligeri Private Family Foundation's holding, it accounts for roughly a quarter of the total promoter group's ownership, limiting the concentration of encumbrance relative to the aggregate control of the company.
Historical Stock Returns for Aequs
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.55% | +6.12% | -7.49% | +94.86% | +58.50% | +58.50% |
What specific investment opportunities is the Melligeri Private Family Foundation targeting with the ₹200 crore facility?
How might a significant decline in Aequs Limited's share price impact the margin requirements for this pledged collateral?
Does this pledge indicate a potential liquidity need within the promoter group that could lead to further encumbrance of shares?
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