CAG-Tech creates encumbrance over 18.81 lakh Sundrop shares

1 min read     Updated on 12 Jun 2026, 06:24 PM
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Reviewed by
Anirudha BScanX News Team
AI Summary

CAG-Tech (Mauritius) Limited has disclosed the creation of a non-disposal undertaking and encumbrance over 18,81,073 equity shares of Sundrop Brands Limited to secure term loan facilities. This new encumbrance, effective June 10, 2026, increases the total shares held under encumbrance by the promoter to 1,65,47,595, which constitutes 43.90% of the total share capital. The disclosure was submitted by Catalyst Trusteeship Limited, acting as the Onshore Security Agent for lenders OCA Fund III Pte. Ltd. and OCA Fund III (B) Pte. Ltd., under Regulation 29(2) of the SEBI SAST Regulations.

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CAG-Tech (Mauritius) Limited has created a non-disposal undertaking and encumbrance over 18,81,073 equity shares of Sundrop Brands Limited , securing term loan facilities availed from lenders. The disclosure, submitted on June 12, 2026, confirms that Catalyst Trusteeship Limited acted as the Onshore Security Agent for the benefit of OCA Fund III Pte. Ltd. and OCA Fund III (B) Pte. Ltd. This transaction increases the total encumbered shares held by the promoter group to 1,65,47,595, representing 43.90% of the company's total share capital.

The encumbrance was created pursuant to a Facility Agreement dated December 16, 2025, and a Non-Disposal Undertaking (NDU) Agreement of the same date. The creation of the hold NDU and encumbrance was effective June 10, 2026. The filing was made to BSE Limited and the National Stock Exchange of India Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding and Encumbrance Details

The following table outlines the acquisition of encumbrance and the resulting shareholding position:

Metric Number of Shares % of Total Share Capital % of Total Diluted Share Capital
Before the acquisition
Shares under encumbrance 14,666,522 38.91% 37.44%
Acquisition
New encumbrance created 18,81,073 4.99% 4.80%
After the acquisition
Total shares under encumbrance 1,65,47,595 43.90% 42.27%

Regulatory and Capital Structure

Sundrop Brands Limited's equity share capital consists of 3,76,96,853 equity shares of ₹10 each, aggregating to ₹3,76,968,530. The total diluted share capital stands at 3,91,44,764 equity shares of ₹10 each, aggregating to ₹3,91,447,640. These figures are based on the shareholding pattern for the quarter ended March 31, 2026. The mode of acquisition is specified as by way of encumbrance and covenants in the nature of encumbrance over the equity shares of the target company.

Historical Stock Returns for Sundrop Brands

1 Day5 Days1 Month6 Months1 Year5 Years
-0.66%-1.77%-4.28%-11.15%-26.71%-33.21%

How will the increased encumbrance level of 43.90% impact the promoter group's ability to raise future capital or meet debt obligations?

What are the potential market reactions to the significant rise in pledged shares regarding investor confidence in Sundrop Brands Limited?

Could this high level of encumbrance trigger any regulatory scrutiny under SEBI takeover regulations if the promoter group's stake changes further?

Sundrop Brands opens special window for physical share transfers

1 min read     Updated on 01 Jun 2026, 12:54 PM
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Reviewed by
Shriram SScanX News Team
AI Summary

Sundrop Brands Limited has announced a special window valid until February 4, 2027, allowing shareholders to lodge or re-lodge transfer and dematerialisation requests for physical securities transacted prior to April 1, 2019. This initiative follows a SEBI circular and covers requests that were previously rejected or returned due to document deficiencies. Transferred securities will be credited in demat mode and subject to a one-year lock-in from the date of transfer registration.

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Sundrop Brands Limited has opened a special window for shareholders to lodge transfer and dematerialisation requests for physical securities, effective from February 5, 2026, to February 4, 2027. This facility is available for securities that were sold or purchased prior to April 1, 2019, and also covers transfer requests that were rejected, returned, or not attended to due to deficiencies in documents or processes before that date. The move is pursuant to a SEBI circular dated January 30, 2026.

The company informed the stock exchanges that the special window allows eligible shareholders to regularize their holdings. Any securities transferred through this window will be mandatorily credited to the transferee only in demat mode. Furthermore, these securities will be under a lock-in period of one year from the date of registration of transfer, during which they cannot be transferred, lien-marked, or pledged.

Eligibility and Process

Shareholders wishing to avail of this opportunity must contact the company's Registrar and Transfer Agent (RTA), KFin Technologies Limited. The RTA can be reached at their office in the Selenium Building, Tower-B, Financial District, Hyderabad, or via email at einward_ris@kfinfintech.com . Alternatively, shareholders may email the company directly at investorredressal@sundropbrands.com .

The company has advised shareholders to act promptly to ensure the transfer and demat processes are completed on or before the deadline of February 4, 2027. The advertisement regarding this special window was published in Business Standard and Telugu Prabha newspapers on June 1, 2026.

Key Details

Feature Details
Special Window Period February 5, 2026 to February 4, 2027
Eligible Securities Physical securities sold/purchased before April 1, 2019
Lock-in Period One year from date of transfer registration
Mode of Credit Mandatory demat mode
RTA KFin Technologies Limited

The information is also available on the company's official website, www.sundropbrands.com . Sundrop Brands Limited, formerly known as Agro Tech Foods Limited, has its registered office in Secunderabad, Telangana.

Historical Stock Returns for Sundrop Brands

1 Day5 Days1 Month6 Months1 Year5 Years
-0.66%-1.77%-4.28%-11.15%-26.71%-33.21%

How will the mandatory one-year lock-in period impact the trading liquidity and market sentiment for Sundrop Brands shares?

What is the estimated volume of physical shares currently outstanding that could potentially be regularized through this window?

Could this initiative by SEBI be extended to other companies, signaling a broader regulatory push to eliminate physical shareholding?

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