News Corporate Actions GMR Power & Urban Infra: Promoter Pledges 12 Crore Shares for INR 350 Crore FacilityGMR Power & Urban Infra: Promoter Pledges 12 Crore Shares for INR 350 Crore Facility
GMR Power & Urban Infra Limited disclosed detailed encumbrance information showing promoter GMR Estate Management's pledge of 12 crore shares for additional INR 350 crore debenture facility. The promoter holds 46.28% total shareholding with 77.19% now encumbered, securing total facilities worth INR 13,50,00,00,000 through Catalyst Trusteeship Limited.
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GMR Power & Urban Infra Limited has disclosed comprehensive details regarding the encumbrance of promoter shares under Regulation 30, providing clarity on the pledge structure and security arrangements for new debenture facilities.
Promoter Shareholding and Encumbrance Details
GMR Estate Management Private Limited, the promoter entity, holds a significant stake in the listed company with detailed encumbrance metrics disclosed in the regulatory filing.
| Parameter: | Details |
|---|---|
| Total Promoter Shareholding: | 36,14,26,826 shares (46.28% of total share capital) |
| Encumbered Shares Percentage: | 77.19% of promoter shareholding |
| Listed Exchanges: | National Stock Exchange Limited, BSE Limited |
| Encumbrance Above 50% of Promoter Holding: | Yes |
| Encumbrance Above 20% of Total Capital: | Yes |
Extension of Existing Pledge Structure
The encumbrance represents an extension of existing pledge arrangements rather than creation of new pledges. The modification involves the same 12 crore shares previously pledged, now securing additional facilities.
| Encumbrance Details: | Specifications |
|---|---|
| Type: | Extension of existing pledge to new facility |
| Shares Involved: | 12,00,00,000 equity shares |
| Percentage of Total Capital: | 15.36% |
| Creation Date: | February 26, 2026 |
| Beneficiary: | Catalyst Trusteeship Limited (for GMR Sports Venture Private Limited) |
New Debenture Facility Specifications
The additional facility involves secured debentures issued by GMR Sports Venture Private Limited, with specific characteristics and security arrangements.
| Debenture Details: | Information |
|---|---|
| Issuer: | GMR Sports Venture Private Limited |
| Type: | Secured, unrated, unlisted, redeemable non-convertible |
| Listed on Exchanges: | No |
| Credit Rating: | No |
| ISIN: | INE0NRM07050 |
Security Cover and Asset Valuation
The security arrangement demonstrates adequate asset coverage for the encumbered amount, with detailed valuation metrics provided in the disclosure.
| Security Metrics: | Values |
|---|---|
| Share Value on Event Date: | INR 14,63,64,00,000 |
| Total Encumbered Amount: | INR 13,50,00,00,000 |
| Asset Coverage Ratio: | 1.08 |
| Previous Security Cover: | INR 10,00,00,00,000 |
Associated Entities and Structure
The encumbrance arrangement involves multiple group entities and is structured for the benefit of the listed company rather than personal use by promoters.
| Associated Entities: | Role |
|---|---|
| Varalakshmi Sports Private Limited: | Group company |
| GMR Enterprises Private Limited: | Group company |
| Catalyst Trusteeship Limited: | Debenture Trustee |
| End Use Classification: | For benefit of listed company |
The disclosure was signed by Ravi Majeti, Director of GMR Estate Management Private Limited, and filed from Delhi, demonstrating compliance with regulatory requirements for substantial share encumbrances exceeding prescribed thresholds.
Historical Stock Returns for GMR Power & Urban Infra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.95% | -7.35% | +6.59% | -2.05% | +15.70% | +138.31% |
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