Rehash Industrial and Resins Chemicals Private Limited, a promoter of Anupam Rasayan India Limited, has pledged a significant portion of its shareholding to secure loan facilities. The company disclosed the creation of pledge on 50,00,000 equity shares under SEBI takeover regulations.

Pledge Details and Transaction Structure

The pledge transaction involves substantial shareholding with specific terms and beneficiary details:

Promoter Holdings and Encumbrance Status

Rehash Industrial's shareholding pattern shows the impact of the new pledge on its total holdings in Anupam Rasayan:

Other Promoter Holdings

The disclosure also provides details of other promoters and their existing encumbrances. Mona Anandbhai Desai holds 41,40,625 shares (3.64%) with 26,80,000 shares (2.35%) already encumbered. Anand Sureshbhai Desai maintains the largest individual holding with 1,10,76,940 shares (9.73%), of which 38,25,780 shares (3.36%) are encumbered.

Regulatory Compliance

The disclosure was made in compliance with Regulation 31(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The notification was submitted to BSE Limited, National Stock Exchange of India Limited, and Anupam Rasayan India Limited on February 26, 2026. Anupam Rasayan's shares are listed on both BSE (Scrip Code: 543275) and NSE (Symbol: ANURAS).

Anupam Rasayan India Ltd has successfully executed a significant External Commercial Borrowing (ECB) facility agreement worth USD 30,000,000 with Axis Bank Limited, IBU GIFT City and other syndicated lenders. The facility agreement, initially executed on 14 February 2026, became effective from 19 February 2026 following amendments implemented by the Reserve Bank of India.

ECB Facility Details

The company disclosed comprehensive details of the ECB facility under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The facility represents a term loan arrangement designed to support the company's strategic expansion plans.

Purpose and Strategic Acquisition

The proceeds from the ECB facility will be utilized by the company for partially funding a strategic acquisition. Specifically, the funds will support the acquisition of the entire shareholding of Monitchem Kansas S.à r.l. and an intragroup loan receivable owed by Kansas HoldCo 1, Inc. to CABB GmbH, collectively referred to as the "Proposed Acquisition," along with associated costs.

Security Arrangements

The ECB facility will be secured through multiple security instruments to be executed between the company and Axis Trustee Services Limited as the ECB Security Agent:

Regulatory Compliance and Documentation Correction

The company also corrected an earlier intimation regarding the execution dates of related agreements. The Share Subscription Agreement between Doriath S.a.r.l. and Batam S.a.r.l., along with the assignment agreement between Doriath and the company, were executed on 14 February 2026, not 12 February 2026 as previously stated.

The facility agreement incorporates amendments implemented by the Reserve Bank of India through the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026, published in the official gazette on February 16, 2026.

Terms and Conditions

The ECB facility agreement includes standard corporate governance constraints through covenants covering change of control, share issuance, rights amendments, and distributions. The agreement does not grant the lender any rights to appoint directors or observers to the company's board. Negative pledge provisions restrict security creation except for permitted security, including pari passu security supporting specified permitted pari passu indebtedness.

The funding under the ECB facility is subject to customary conditions precedent, including execution of financing and security documents, corporate authorizations, and completion of security perfection requirements. The company must complete charge registration with the Registrar of Companies and necessary filings with the Authorized Dealer Bank within prescribed timelines.

Source: