Embassy Development Limited: New Share Pledge Disclosure for INR 285 Crore Debentures
Embassy Development Limited's share pledge disclosure reveals Catalyst Trusteeship Limited has encumbered 4.35 crore equity shares (3.13% of total capital) to secure debentures worth INR 285 crore issued by Serenesummit Realty Private Limited. The transaction, completed between March 16-27, 2026, increases total pledged holdings to 14.66 crore shares representing 10.55% of the company's total share capital.
*this image is generated using AI for illustrative purposes only.
Catalyst Trusteeship Limited has filed a regulatory disclosure regarding the pledge of equity shares in Embassy Development Limited under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure pertains to a pledge created between March 16, 2026 to March 27, 2026, to secure debenture issuances by Serenesummit Realty Private Limited.
Debenture Issuance Details
The share pledge secures two tranches of secured, unlisted, redeemable and non-convertible debentures issued by Serenesummit Realty Private Limited:
| Tranche: | Number of Debentures | Face Value per Debenture | Total Value |
|---|---|---|---|
| Tranche I: | 2,550 | INR 10,00,000 | INR 255,00,00,000 |
| Tranche II: | 300 | INR 10,00,000 | INR 30,00,00,000 |
| Total: | 2,850 | INR 10,00,000 | INR 285,00,00,000 |
Share Pledge Transaction Details
The latest transaction involves the encumbrance of 4.35 crore equity shares, representing 3.13% of the total share capital and 3.08% of the diluted share capital. This pledge was created in favor of Catalyst Trusteeship Limited, acting as Debenture Trustee for the benefit of debenture holders.
| Parameter: | Details |
|---|---|
| Shares Pledged: | 4.35 crore equity shares |
| Pledge Period: | March 16, 2026 to March 27, 2026 |
| Percentage of Total Capital: | 3.13% |
| Percentage of Diluted Capital: | 3.08% |
| Trustee: | Catalyst Trusteeship Limited |
Holdings Before and After Transaction
The disclosure shows Catalyst Trusteeship Limited's encumbered holdings have increased from the previous position:
| Holding Status: | Number of Shares | % of Total Capital | % of Diluted Capital |
|---|---|---|---|
| Before Transaction: | 10.31 crore | 7.41% | 7.30% |
| Current Transaction: | 4.35 crore | 3.13% | 3.08% |
| After Transaction: | 14.66 crore | 10.55% | 10.39% |
Company Capital Structure
Embassy Development Limited's equity share capital remains at INR 278.13 crore, comprising 139.06 crore shares with a face value of Rs. 2.00 each. The total diluted share capital stands at INR 282.37 crore, representing 141.19 crore shares including potential conversions from outstanding stock options and Performance Stock Units.
Regulatory Compliance
The pledge creation triggered the disclosure requirement under Regulation 29(2) of the Takeover Code. Catalyst Trusteeship Limited does not belong to the promoter or promoter group of Embassy Development Limited. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.
The disclosure was signed by Deesha Srikkanth, Senior Vice President at Catalyst Trusteeship Limited, and filed on April 01, 2026. The transaction documents include certain covenants which are in the nature of 'encumbrance' as defined in the Takeover Regulations.
Historical Stock Returns for Embassy Developments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.00% | -0.48% | -27.99% | -55.48% | -61.83% | -50.74% |
What are Serenesummit Realty Private Limited's plans for utilizing the INR 285 crore raised through debenture issuances?
Will Embassy Development Limited's increasing encumbered shareholding affect its ability to secure future financing or strategic partnerships?
How might the short 11-day pledge period from March 16-27, 2026 impact the refinancing timeline for these debentures?
18
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
