OneSource Specialty Pharma: Tenshi Pharmaceuticals Pledges 64 Lakh Shares for ₹1000 Crore Debenture Security
OneSource Specialty Pharma Limited disclosed that Tenshi Pharmaceuticals Private Limited pledged 64,00,000 equity shares (5.59% stake) to Catalyst Trusteeship Limited as security for ₹1000 crore debentures. The encumbrance was created on January 05, 2026, under agreements dated November 27, 2025, to secure financial indebtedness by group company Karuna Ventures Private Limited. This represents the second tranche of pledging, following an earlier pledge of 20,00,000 shares in December 2025.

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OneSource Specialty Pharma Limited has disclosed the creation of an encumbrance over 64,00,000 equity shares by Tenshi Pharmaceuticals Private Limited in favor of Catalyst Trusteeship Limited. The disclosure was made under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on January 07, 2026.
Pledge Details and Structure
The pledge was created as security for zero coupon, secured, unrated, unlisted, redeemable non-convertible debentures worth ₹1000,00,00,000 issued by Karuna Ventures Private Limited. Karuna Ventures is a group company of Tenshi Pharmaceuticals, which serves as the pledgor in this transaction.
| Parameter: | Details |
|---|---|
| Total Shares Pledged: | 64,00,000 equity shares |
| Percentage of Share Capital: | 5.59% |
| Debenture Value: | ₹1000,00,00,000 |
| Encumbrance Creation Date: | January 05, 2026 |
| Debenture Trustee: | Catalyst Trusteeship Limited |
Shareholding Pattern and Background
Tenshi Pharmaceuticals Private Limited holds 2,05,24,714 equity shares in OneSource Specialty Pharma Limited, constituting 17.92% of the company's issued and paid-up share capital. The total equity share capital of OneSource remains unchanged at 11,45,25,216 paid-up equity shares of ₹1 each before and after this encumbrance.
Progressive Pledge Creation
The current disclosure represents the second tranche of share pledging under the debenture arrangement. Previously, on December 16, 2025, Tenshi Pharmaceuticals had created a pledge over 20,00,000 equity shares constituting 1.75% of the issued share capital. The recent pledge of 44,00,000 additional shares on January 05, 2026, brings the total pledged shares to 64,00,000.
| Pledge Tranche: | Shares Pledged | Percentage | Date Created |
|---|---|---|---|
| First Tranche: | 20,00,000 | 1.75% | December 16, 2025 |
| Second Tranche: | 44,00,000 | 3.84% | January 05, 2026 |
| Total Pledged: | 64,00,000 | 5.59% | - |
Regulatory Framework
The pledge was executed pursuant to a debenture trust deed and share pledge agreement both dated November 27, 2025. Under the takeover regulations, encumbrance over shares is treated as an acquisition, necessitating this disclosure. Catalyst Trusteeship Limited acts as the debenture trustee for the benefit of debenture holders, including their assigns, transferees, successors, and novatees.
Company Information
OneSource Specialty Pharma Limited is listed on both BSE Limited and National Stock Exchange of India Limited. The company's registered office is located at Cyber One, Unit No. 902, Sector 30A, Plot No. 4 & 6, Vashi, Navi Mumbai – 400703. Catalyst Trusteeship Limited, serving as the debenture trustee, does not belong to the promoter or promoter group of OneSource Specialty Pharma Limited.
Historical Stock Returns for Onesource Specialty Pharma
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.43% | -1.53% | +5.63% | -12.03% | +2.95% | +2.95% |






































