Sadbhav Engineering has disclosed the release of pledged equity shares by Catalyst Trusteeship Limited under SEBI regulations. The transaction involves the release of encumbered shares that were held as security by the debenture trustee.

Share Release Details

Catalyst Trusteeship Limited, acting as Debenture Trustee on behalf of debenture holders of Sadbhav Gadag Highway Private Limited, released 1,00,63,495 pledged equity shares of Sadbhav Engineering Limited on January 30, 2026. The release was executed through the release of pledged shares mechanism.

Holdings Impact Analysis

The share release significantly altered Catalyst Trusteeship Limited's position in Sadbhav Engineering. Prior to the transaction, the trustee held 1,00,63,495 shares in the nature of encumbrance, representing 5.87% of the total share capital and 5.54% of the total diluted share capital.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Catalyst Trusteeship Limited does not belong to the promoter or promoter group of Sadbhav Engineering Limited.

Key regulatory aspects include:

• Compliance with SEBI substantial acquisition regulations
• Proper disclosure of encumbrance release
• Maintenance of transparency in shareholding changes
• Adherence to prescribed timelines for regulatory filings

Company Capital Structure

Sadbhav Engineering Limited's equity share capital remained unchanged following the transaction. The company maintains 17,15,70,800 equity shares of Rs. 1.00 each as its total voting capital. The total diluted share capital stands at 18,15,70,800 equity shares of Rs. 1.00 each, accounting for potential conversion of outstanding convertible securities.

The share release represents a reduction in encumbrance on Sadbhav Engineering's equity shares, potentially providing greater flexibility in the company's capital structure management. The transaction was executed through Catalyst Trusteeship Limited's Mumbai office, with documentation signed by Senior Vice President Deesha Srikkanth on February 03, 2026.

Vikram Rasiklal Patel has disposed of 4,37,500 equity shares in Sadbhav Engineering Limited through an off-market transfer to Shashin Vishnubhai Patel, as disclosed in a regulatory filing dated January 2, 2026. The disposal represents 0.25% of the company's total share capital and was completed on December 26, 2025.

Transaction Details

The share disposal was executed through an off-market transfer to Shashin Vishnubhai Patel, who is identified as a member of the promoter group. The transaction was disclosed pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Shareholding Pattern Changes

Following this disposal, Vikram Rasiklal Patel's shareholding in Sadbhav Engineering Limited has decreased significantly. The transaction represents an internal transfer within the promoter group structure, with shares moving from one promoter group member to another.

Company Capital Structure

Sadbhav Engineering Limited's capital structure remains unchanged following this internal transfer. The company maintains its equity base with shares listed on both major Indian stock exchanges.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisition of shares and takeovers. Vikram Rasiklal Patel, who belongs to the promoter group, filed the necessary intimation with both stock exchanges and the company's compliance officer. The transaction represents a routine internal restructuring within the promoter group holdings, with no change to the overall promoter group stake in the company.