Wanbury Limited’s board has approved the full early redemption of its 12.5% secured, redeemable, non-convertible debentures (NCDs) to reduce its debt obligations. The decision involves a principal amount outstanding of Rs. 180,00,00,000 against an initial issue size of Rs. 200,00,00,000. The record date for this early redemption has been set as June 20, 2026.

The debentures are secured, guaranteed, senior, taxable, non-cumulative, unrated, and principal protected. They were issued in two tranches, with the first on February 28, 2025, and the second on October 15, 2025. The original issue consisted of 2000 debentures with a face value of Rs. 10,00,000 each.

Details of the Redemption

The board passed the resolution via circulation on July 15, 2026. The specific terms of the debentures and the redemption process are outlined below:

The early redemption date will be mutually agreed upon between the company and the debenture holders. This date is required to be on or prior to the maturity date of February 28, 2030. The intimation was made to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Catalyst Trusteeship Limited, acting as the Debenture Trustee for debenture holders, released the remaining pledge over 36.83 lakh equity shares of Wanbury Limited held by Expert Chemicals (India) Private Limited on July 09, 2026. This action eliminated the encumbrance on the company's shares, reducing the total pledged stake to 0.00% of the total voting capital. The disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this release, the acquirer held 36,83,488 shares, representing 10.54% of the total share capital, under pledge. The release of 36,83,488 shares was executed via an off-market transaction. Following this transaction, the total number of shares encumbered with the acquirer stands at zero. The total equity share capital and total diluted share capital of Wanbury Limited remain unchanged at 34,93,93,980, comprising 3,49,39,398 shares of face value ₹10 each. The acquirer clarified that it does not belong to the promoter or promoter group of the target company. Deesha Srikkanth, Senior Vice President of Catalyst Trusteeship Limited, authorized the disclosure filed on July 13, 2026.

Shareholding Details

The following table outlines the changes in the shareholding structure due to the release of the pledge: