Anupam Rasayan India Limited saw the release of a pledge on 66,05,000 equity shares by Catalyst Trusteeship Limited. The action was executed on September 30, 2026, reducing the immediate encumbrance load on these specific shares.

The disclosure was filed pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Catalyst Trusteeship acted in its capacity as Debenture Trustee for the benefit of debenture holders. The release signifies a partial unwinding of collateral arrangements tied to debt instruments.

Encumbrance status update

Prior to this transaction, Catalyst Trusteeship held 1,03,61,785 shares under encumbrance, constituting 9.10% of the company's total share capital. Following the release of the specified shares, the total number of shares held with encumbrance by the trustee increased to 1,69,66,785, representing 14.90% of the capital.

What the numbers show

The filing presents a divergence between the specific release event and the aggregate holding position. While 66,05,000 shares were explicitly released from pledge, the total shares recorded as encumbered with Catalyst Trusteeship rose from 1,03,61,785 to 1,69,66,785. This indicates that other encumbrances were either created or aggregated during the reporting period, resulting in a net increase of 66,05,000 shares in the trustee's pledged portfolio despite the stated release.

Anupam Rasayan India Ltd promoter Rehash Industrial and Resins Chemicals Private Limited released a pledge on 50,00,000 equity shares of the company. The release occurred on September 24, 2026, following the full repayment of a loan availed from Tata Capital Limited.

The disclosure was filed under Regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This action reduces the encumbered shareholding held by the promoter entity, signaling improved liquidity or debt management at the promoter level.

Pledge Release Details

The specific transaction involved the release of encumbrance on shares previously pledged to secure debt. The details of this event are outlined below:

Remaining Promoter Encumbrances

While the pledge on Rehash Industrial's shares has been fully released, other members of the promoter group continue to hold encumbered shares. The following table summarizes the current status of encumbrances for key promoter entities:

What the Numbers Show

The release of the pledge reduces the total encumbered shares held by the primary promoter entity, Rehash Industrial, from 4.39% of the total share capital to zero. However, significant encumbrance persists within the wider promoter group. Specifically, Anand Sureshbhai Desai and Shraddha Anand Desai collectively hold approximately 13.94% of their combined holdings in an encumbered state. This indicates that while one major debt obligation has been cleared, substantial leverage remains across other individual promoter accounts.