GMR Business and Consultancy LLP has pledged 5.10 crore shares of GMR Power And Urban Infra Limited , representing 6.54% of the total share capital. The encumbrance was created to secure debt instruments issued by GMR Estate Management Private Limited. The pledged shares secure a borrowing amount of ₹1,400 crore, resulting in a security cover ratio of 0.19. The disclosure was made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The shares have been pledged in favor of Vistra ITCL (India) Limited, acting as the Debenture Trustee for the benefit of GMR Estate Management Private Limited. The entity in whose favor the shares are encumbered is not a scheduled commercial bank, public financial institution, NBFC, or housing finance company. The debt instruments secured by the pledge are described as secured, unrated, unlisted, redeemable, and non-convertible debentures.

GMR Business and Consultancy LLP holds a total promoter shareholding of 36,14,26,826 shares, which constitutes 46.28% of the total share capital of the company. With this pledge, the total encumbered shares now account for 61.07% of the promoter's total shareholding. This exceeds both the 50% threshold of promoter shareholding and the 20% threshold of total share capital. The encumbered shares are net off releases till June 17, 2026.

The following table details the encumbrance specifics:

GMR Enterprises Private Limited has pledged 22 million shares, representing 61.07% of its shareholding in Gmr Power And Urban Infra Limited . The encumbrance was created on June 15, 2026, in favor of Vistra ITCL (India) Limited for the benefit of GMR Infra Projects Private Limited. The pledged shares account for 2.82% of the total share capital of the listed company.

The disclosure was made in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The entity in whose favor the shares are encumbered, Vistra ITCL (India) Limited, acts as a Debenture Trustee. The encumbrance relates to an existing facility, and the cumulative numbers have been presented against the value of shares and the amount involved.

Details of Encumbrance

The security cover provided by the pledged shares is valued at ₹ 2,32,25,40,000 as of the date of the agreement. This value is set against a total amount involved of ₹ 3,00,00,00,000, resulting in a ratio of 0.77. The borrowed amount is designated for personal use by the promoters and PACs, rather than for the benefit of the listed company.

The debt instrument associated with this encumbrance is unrated, unlisted, dematerialized, secured, redeemable, and non-convertible. It has been issued by GMR Infra Projects Private Limited and is not listed on any stock exchange. The filing confirms that the encumbered shares are net off releases till June 17, 2026.