Anupam rasayan India Limited's promoter Anand Sureshbhai Desai has released pledge on 42,49,220 equity shares following loan repayment, as disclosed in a regulatory filing dated February 26, 2026. The release represents a significant reduction in the promoter's encumbered shareholding and demonstrates improved financial flexibility.

Pledge Release Details

The disclosure under Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, provides comprehensive details of the pledge release transaction:

Impact on Promoter Holdings

The pledge release has substantially reduced Anand Sureshbhai Desai's encumbered shareholding in the company. His total promoter holding remains at 1,10,76,940 shares, representing 9.73% of the company's total share capital.

Other Promoter Encumbrances

The disclosure also reveals the encumbrance status of other promoters and promoter group entities. Mona Anandbhaji Desai maintains 26,80,000 encumbered shares representing 2.35% of share capital, while Rehash Industrial and Resins Chemicals Private Limited holds 50,00,000 encumbered shares representing 4.39% of total share capital.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about the pledge release. The filing demonstrates transparency in promoter shareholding changes and adherence to SEBI regulations governing substantial acquisition and takeover norms.

The pledge release indicates successful loan repayment and potentially improved financial position of the promoter, which could be viewed positively by market participants as it reduces encumbrance on promoter holdings.

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.

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