Centrum Capital Limited has announced a significant regulatory milestone for its subsidiary, with Centrum Broking Limited (CBL) receiving approval to operate as a Category-I Merchant Banker from the Securities and Exchange Board of India (SEBI). The registration became effective on March 11, 2026, marking an important expansion in the subsidiary's service offerings.

SEBI Registration Details

Centrum Broking Limited has been granted the Certificate of Registration under the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992. The regulatory approval comes with specific operational parameters that enhance the subsidiary's market position.

Business Impact and Operational Scope

The SEBI Category-I Merchant Banker registration enables Centrum Broking Limited to act as a full-service merchant banker, significantly expanding its operational capabilities in the investment banking sector. This approval allows the subsidiary to undertake comprehensive merchant banking activities under SEBI's regulatory framework.

The perpetual nature of the license provides long-term operational stability and eliminates the need for periodic renewals, offering sustained business continuity for the subsidiary's merchant banking operations.

Regulatory Compliance and Disclosure

Centrum Capital Limited has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified both the National Stock Exchange of India Limited and BSE Limited about this development.

The announcement follows the requirements outlined in SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring complete regulatory compliance. Chief Financial Officer Shailendra Apte signed the official communication to the stock exchanges, confirming the subsidiary's new regulatory status.

This regulatory approval represents a strategic advancement for Centrum Capital's subsidiary operations, positioning Centrum Broking Limited to offer enhanced merchant banking services in the Indian financial markets.

Business Match Services (India) Private Limited has created an additional pledge on its equity shareholding in Centrum Capital Limited, as disclosed in a regulatory filing under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Pledge Creation Details

The Mumbai-based Business Match Services created a pledge of 4,60,000 equity shares in Centrum Capital Limited on February 16, 2026. The pledge was created in favor of Desert River Capital Private Limited, with the company citing "additional pledge due to fluctuation in Market Price" as the reason for this encumbrance.

Current Shareholding Position

Following this additional pledge creation, Business Match Services' encumbered shareholding in Centrum Capital has increased from 8,64,22,632 shares to 8,68,82,632 shares. The company maintains a total holding of 13,44,99,041 equity shares in Centrum Capital, representing 29.27% of the target company's total share capital.

Regulatory Compliance

The disclosure was made in compliance with Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates reporting of encumbrance creation by promoters. Business Match Services formally reported the transaction to both BSE Limited and National Stock Exchange of India Limited on February 23, 2026.

The company, incorporated in 1992 with CIN U74999MH1992PTC066170, operates from its registered office at Turner Road, Bandra West, Mumbai. Centrum Capital Limited's shares are listed on both the Bombay Stock Exchange and National Stock Exchange of India.