Themis Medicare promoter Vividhmargi Investments Private Limited has pledged 30,00,000 equity shares to secure borrowing from Kotak Credit Opportunities Fund Trust. The pledge was created on July 30, 2026, representing 3.26% of the company's total share capital. This disclosure brings attention to the leverage structure within the promoter group, as the shares are now encumbered against debt obligations.

The transaction was reported to BSE Limited and National Stock Exchange of India Limited under Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, read with the master circular dated February 16, 2023 (No. SEBVHO/CFD/PoD- 1/P/CIR/2023/31). The filing confirms that this is a creation of encumbrance rather than a release or invocation.

Pledge Details

The pledge involves a specific lending arrangement where CTL Trusteeship Limited acts as the trustee. The lender is identified as the Kotak Credit Opportunities Fund Trust. Prior to this event, Vividhmargi Investments Private Limited had no previously encumbered shares in its holding.

Promoter Holding Structure

As on the reporting date, Vividhmargi Investments Private Limited holds a total of 2,44,29,460 equity shares in Themis Medicare Limited. This aggregate holding constitutes 26.52% of the company's total share capital. The newly pledged shares form a subset of this larger holding.

What the Numbers Show

The pledge of 3.26% of the total equity indicates that a significant portion of the promoter's stake is now collateralized. While the promoter retains a controlling interest with a 26.52% holding, the encumbrance introduces a layer of risk associated with the underlying debt. Investors should monitor future disclosures for any changes in the pledge status or additional encumbrances, as these actions directly impact the liquidity and security of the promoter's stake.

Vividhmargi Trust has pledged 2,53,17,620 equity shares, representing 27.49% of the total paid-up equity share capital of Themis Medicare Limited . The shares were pledged on June 29, 2026, in favor of CTL Trusteeship Limited, acting as the Debenture Trustee for the lender Kotak Credit Opportunities Fund Trust. The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited on July 3, 2026, under Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The encumbrance was created pursuant to a Debenture Trust Deed involving OSS Software Solutions Labs Private Limited as the issuer of unrated, unlisted, secured, redeemable non-convertible debentures. The borrowed amount of ₹135,00,00,000 will be utilized for personal use by the promoters and Persons Acting in Concert (PACs). The debt instrument does not currently have an ISIN allotted.

Details of the Encumbrance

The pledged shares are held in the name of three trustees of the Vividhmargi Trust: Mr. Dinesh Shantilal Patel, Mrs. Jayshree Dinesh Patel, and Dr. Sachin Dinesh Patel. The total promoter shareholding in Themis Medicare Limited stands at 6,18,03,990 equity shares, with the encumbered shares constituting 40.96% of the total promoter holding.

The filing confirms that the encumbrance is not related to the benefit of the listed company. The disclosure was signed by Dinesh Shantilal Patel, Trustee of Vividhmargi Trust, on July 21, 2026.