Vividhmargi Trust, a key entity within the promoter group of Themis Medicare , has pledged 2,53,17,620 equity shares of the company to secure borrowing facilities. The pledge was created in favor of CTL Trusteeship Limited, acting as the debenture trustee for OSS Software Solutions Labs Private Limited. This transaction represents 27.49% of Themis Medicare’s total share capital and voting rights, marking a significant increase in the encumbered stake held by the promoter group.

The disclosure was filed with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 4, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The encumbrance stems from a debenture trust deed dated June 25, 2026, entered into between OSS Software Solutions Labs Private Limited as the issuer and CTL Trusteeship Limited as the trustee. The pledge over the shares became effective on June 29, 2026.

Pledge Structure and Details

The shares pledged are held by the trustees of Vividhmargi Trust: Mr. Dinesh Shantilal Patel, Mrs. Jayshree Dinesh Patel, and Dr. Sachin Dinesh Patel. Prior to this specific pledge creation, these entities had existing encumbrances. The new pledge adds 30,00,000 shares to the previously encumbered pool, bringing the total shares under encumbrance by CTL Trusteeship Limited to 2,83,17,620.

Promoter Holding Impact

As per the filing, Vividhmargi Trust holds a total of 2,53,17,620 equity shares in Themis Medicare Limited, constituting 27.49% of the issued and paid-up share capital. With this latest pledge, the aggregate holding of CTL Trusteeship Limited by way of encumbrance stands at 2,83,17,620 shares, which is 30.75% of the total share and voting capital of the target company.

What the Numbers Show

The pledge of nearly 27.5% of the company’s equity highlights a substantial reliance on collateralized borrowing within the promoter group’s financial structure. By linking the security of debentures issued by a related entity (OSS Software Solutions Labs) to the equity of Themis Medicare, the promoter group has interconnected its debt obligations across its holdings. Investors should monitor future disclosures for any changes in the pledge status, as the high percentage of encumbered shares (over 30% when combined with prior pledges) limits the liquidity of the promoter’s stake and increases sensitivity to default risks associated with the underlying debt instruments.

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.