Authum Investment Invokes Pledge on SpiceJet Shares Worth ₹103.70 Crore
Authum Investment & Infrastructure Limited invoked a pledge on 10,37,00,000 SpiceJet shares (6.80% stake) on February 25, 2026. The company sold 6,00,00,000 shares for loan recovery while retaining 4,37,00,000 shares as continuing security. Despite the transaction, Authum's total 9.23% shareholding in SpiceJet remained unchanged, with the composition shifting from 2.44% direct equity and 6.80% encumbered shares to 6.37% direct equity and 2.86% encumbered shares.
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Authum Investment & Infrastructure Limited has disclosed the invocation of a pledge on SpiceJet Limited shares under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The transaction, completed on February 25, 2026, involved the invocation of a pledge on 10,37,00,000 equity shares representing 6.80% of SpiceJet's total share capital.
Transaction Details
The pledge invocation resulted in two distinct outcomes for the shares involved:
| Transaction Component | Number of Shares | Percentage of Total Capital | Action Taken |
|---|---|---|---|
| Shares Sold | 6,00,00,000 | 3.93% | Sold for loan recovery |
| Shares Retained | 4,37,00,000 | 2.86% | Continuing security for outstanding loan |
| Total Invoked | 10,37,00,000 | 6.80% | Pledge invocation |
Authum Investment sold 6,00,00,000 equity shares (3.93% of total share capital) to recover the loan amount due, while retaining 4,37,00,000 equity shares (2.86% of total share capital) in its dematerialized account as continuing security for the outstanding loan.
Shareholding Pattern Changes
The transaction altered Authum Investment's shareholding structure in SpiceJet while maintaining its overall stake percentage:
| Holding Category | Before Transaction | After Transaction |
|---|---|---|
| Direct Equity Shares | 3,72,14,108 (2.44%) | 9,72,14,108 (6.37%) |
| Encumbered Shares | 10,37,00,000 (6.80%) | 4,37,00,000 (2.86%) |
| Total Holding | 14,09,14,108 (9.23%) | 14,09,14,108 (9.23%) |
Company and Share Details
SpiceJet Limited's equity share capital remains unchanged at ₹15,26,09,94,920, comprising 1,52,60,99,492 equity shares of ₹10 each. The shares involved in the transaction are ordinary equity shares with a face value of ₹10 each and do not carry any special rights or features.
Regulatory Compliance
Authum Investment & Infrastructure Limited, which does not belong to the promoter or promoter group of SpiceJet, filed this disclosure pursuant to SEBI SAST Regulations. The company's shares are listed on BSE Limited, and the disclosure was made to both BSE and National Stock Exchange of India Limited as per regulatory requirements.
The transaction represents a strategic move by Authum Investment to recover loan amounts while maintaining a significant portion of shares as continuing security for outstanding obligations. The retained shares ensure ongoing collateral coverage for the lending arrangement between the two companies.
Historical Stock Returns for Spicejet
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.13% | -4.46% | -29.81% | -56.01% | -64.04% | -80.56% |
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