Centrum Capital saw its promoter group holding increase following a significant share acquisition by JBCG Advisory Services Private Limited. The entity acquired 1,16,87,704 equity shares through the exercise of warrants on October 8, 2026, resulting in a 2.40% rise in its direct shareholding.

This transaction triggers a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as the change in shareholding exceeds the 2% threshold from the last disclosed position. JBCG Advisory Services is identified as the acquirer, acting in concert with Business Match Services India Private Limited.

Shareholding details before and after acquisition

The acquisition was executed through the allotment of equity shares pursuant to the exercise of warrants. Prior to this transaction, JBCG Advisory Services held 5,75,18,055 shares carrying voting rights, representing 11.81% of the total share capital. Following the acquisition, the holding rose to 6,92,05,759 shares, constituting 13.88% of the total share capital.

Impact on diluted capital and outstanding instruments

The total diluted share capital of Centrum Capital stood at 52,97,05,419 after the acquisition. The acquirer's total holding, inclusive of shares, encumbrances, and outstanding warrants, remained constant at 11,98,94,280 units. However, the composition shifted significantly: the number of outstanding warrants decreased by 1,16,87,704, while the number of fully paid-up equity shares increased by the same amount.

The disclosure notes that out of the 7,01,26,225 warrants originally held, 2,72,50,000 were previously exercised on March 27, 2026. With the recent exercise of 1,16,87,704 warrants, 3,11,88,521 warrants remain outstanding. The equity share capital of the company increased from 48,68,29,194 to 49,85,16,898 following the allotment.

What the numbers show

The data reveals a strategic conversion of derivative positions into direct equity ownership. While the absolute number of securities held by the promoter group (shares plus warrants) did not change, the shift from warrants to shares eliminates the dilution risk associated with future exercises for the existing shareholder base, except for the remaining warrants. The increase in voting rights from 11.81% to 13.88% strengthens the promoter group's control without requiring additional cash outlay beyond the warrant exercise price, which is not disclosed in this filing.

Centrum Capital Limited promoter Business Match Services (India) Private Limited has created a pledge on 4,81,55,000 equity shares, representing 9.66% of the company's total share capital. The encumbrance was reported to stock exchanges on October 12, 2026, citing fluctuations in market price as the primary reason for the transaction.

The pledge involves shares held by the promoter entity, which holds a total of 13,44,99,041 shares or 26.98% of Centrum Capital's equity. The creation of encumbrance occurred in multiple tranches between September 30, 2026 and October 6, 2026, benefiting three distinct financial entities: Minsol Limited, S Jogani Exports Private Limited, and STCI Finance Limited.

Pledge details and lender distribution

The total pledged volume of 4,81,55,000 shares is distributed across three lenders. STCI Finance Limited holds the largest portion of the encumbered shares following two separate creation events. The table below outlines the specific share counts and percentages allocated to each entity.

Note: The figures above reflect cumulative post-event holdings for each specific reporting line as disclosed in the regulatory filing.

Regulatory compliance and timing

This disclosure was made under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing explicitly states that the pledge creation was necessitated by "fluctuation in market price," a common trigger for margin calls or additional security requirements in leveraged positions. The transactions were executed over a one-week window, with the final tranche for STCI Finance Limited occurring on October 6, 2026.

What the numbers show

A comparison of the promoter's total holding against the newly created encumbrance reveals that 35.8% of Business Match Services' stake in Centrum Capital is now pledged. Specifically, out of the 13,44,99,041 shares held by the promoter, 4,81,55,000 shares are currently encumbered. This concentration indicates a significant portion of the promoter's equity is utilized as collateral, potentially limiting their ability to sell these shares without releasing the pledge first.