Business Match Services (India) Private Limited has disclosed the creation of additional pledges on its equity shareholding in Centrum Capital Limited, as reported to stock exchanges under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The Mumbai-based company created pledges on 27,00,000 additional equity shares of Centrum Capital Limited across multiple transactions between March 4-13, 2016. All pledge creations were attributed to additional security requirements due to fluctuations in market price.

Pledge Creation Details

The pledge transactions were executed across seven different entities over a period of ten days:

Current Shareholding Position

Business Match Services (India) Private Limited maintains a significant stake in Centrum Capital Limited with the following position:

Regulatory Compliance

The disclosure was made in compliance with Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates reporting of encumbrance creation by promoters. The company submitted the required documentation to both BSE Limited and National Stock Exchange of India Limited on March 13, 2016.

Market Context

All pledge creations were specifically cited as "additional pledge due to fluctuation in Market Price," indicating that the transactions were necessitated by changing market valuations requiring additional collateral security. The pledges were created across a diversified set of financial institutions and trading companies, spreading the encumbrance risk across multiple entities.

Centrum Capital Limited shares are listed on both Bombay Stock Exchange Limited and National Stock Exchange of India Limited, providing liquidity for the pledged securities.

Centrum Capital Limited has announced a significant regulatory milestone for its subsidiary, with Centrum Broking Limited (CBL) receiving approval to operate as a Category-I Merchant Banker from the Securities and Exchange Board of India (SEBI). The registration became effective on March 11, 2026, marking an important expansion in the subsidiary's service offerings.

SEBI Registration Details

Centrum Broking Limited has been granted the Certificate of Registration under the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992. The regulatory approval comes with specific operational parameters that enhance the subsidiary's market position.

Business Impact and Operational Scope

The SEBI Category-I Merchant Banker registration enables Centrum Broking Limited to act as a full-service merchant banker, significantly expanding its operational capabilities in the investment banking sector. This approval allows the subsidiary to undertake comprehensive merchant banking activities under SEBI's regulatory framework.

The perpetual nature of the license provides long-term operational stability and eliminates the need for periodic renewals, offering sustained business continuity for the subsidiary's merchant banking operations.

Regulatory Compliance and Disclosure

Centrum Capital Limited has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified both the National Stock Exchange of India Limited and BSE Limited about this development.

The announcement follows the requirements outlined in SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring complete regulatory compliance. Chief Financial Officer Shailendra Apte signed the official communication to the stock exchanges, confirming the subsidiary's new regulatory status.

This regulatory approval represents a strategic advancement for Centrum Capital's subsidiary operations, positioning Centrum Broking Limited to offer enhanced merchant banking services in the Indian financial markets.