News Stocks Master Trust Promoters Pledge 40 Lakh Shares to ICICI Bank for Subsidiary FinancingMaster Trust Promoters Pledge 40 Lakh Shares to ICICI Bank for Subsidiary Financing
Master Trust Limited's promoters have pledged 40 lakh equity shares to ICICI Bank as collateral for loans to be availed by their wholly owned subsidiary Master Capital Services Limited. The pledge was executed on February 16, 2026, with regulatory disclosure made on February 18, 2026, demonstrating the promoter group's commitment to supporting subsidiary operations while maintaining transparency.
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Master Trust Limited's promoters have pledged 40,00,000 equity shares to ICICI Bank Limited as collateral for financing arrangements involving the company's wholly owned subsidiary. The pledge was executed on February 16, 2026, with formal disclosure made to stock exchanges on February 18, 2026, under Regulation 31(1) of SEBI Takeover Regulations.
Promoter Share Pledge Details
Two key promoters participated in the pledge arrangement to support Master Capital Services Limited's loan requirements:
| Promoter Name: | Shares Pledged | Percentage of Total Capital |
|---|---|---|
| Harjeet Singh Arora: | 20,00,000 | 1.63% |
| Rajinder Kumar Singhania: | 20,00,000 | 1.63% |
| Total Pledged: | 40,00,000 | 3.25% |
Promoter Holdings Overview
The pledge represents a portion of the promoters' substantial shareholding in Master Trust Limited:
| Promoter: | Total Holdings | Shareholding % | Previously Pledged | Currently Pledged |
|---|---|---|---|---|
| Harjeet Singh Arora: | 1,58,68,480 | 12.90% | 30,00,000 (2.44%) | 50,00,000 (4.06%) |
| Rajinder Kumar Singhania: | 2,87,28,570 | 23.35% | 30,00,000 (2.44%) | 50,00,000 (4.06%) |
Regulatory Compliance and Purpose
The share encumbrance was disclosed in compliance with SEBI regulations governing substantial acquisition of shares and takeovers. The pledged shares serve as collateral security for loans to be availed by Master Capital Services Limited, the company's wholly owned subsidiary. The formal disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited on February 18, 2026.
Promoter Group Structure
The comprehensive promoter group holding structure demonstrates the family's significant stake in Master Trust Limited:
| Promoter Group Member: | Holdings | Shareholding % | Encumbered Shares |
|---|---|---|---|
| Mrs. Harneesh Kaur Arora: | 1,57,00,100 | 12.76% | 0 |
| Mr. Jashanjoyot Singh Arora: | 99,25,000 | 8.07% | 0 |
| Mrs. Parveen Singhania: | 99,05,000 | 8.05% | 0 |
| Mr. Puneet Singhania: | 39,74,970 | 3.23% | 0 |
| Mrs. Palka Arora Chopra: | 25,00,000 | 2.03% | 0 |
| Total Promoter Group: | 8,84,87,120 | 71.93% | 1,00,00,000 (8.13%) |
The pledge arrangement demonstrates the promoter group's commitment to supporting subsidiary operations through strategic financial structuring while maintaining regulatory transparency through timely disclosures to stock exchanges.
Historical Stock Returns for Master Trust
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.04% | -6.48% | -15.18% | -47.98% | -31.15% | -54.77% |
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