BSEInsider Trading / SAST13 Oct 2026 · 13 Oct 2026, 10:53 am
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for CTL Trusteeship Ltd
Hindustan Appliances Ltd · 531918
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Hindustan Appliances Ltd has disclosed a pledge of 65,82,000 shares by CTL Trusteeship Ltd, representing 65.65% of the company's total voting capital.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk2/10
Balance Sheet Risk8/10
Liquidity Impact4/10
Market Sentiment5/10
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Hindustan Appliances Ltd - 531918 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
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Sub: Disclosure pursuant to Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011 in relation to pledge of equity shares ofHindustanAppliancesLimited
For CTL Trusteeship Limited
Authorised Signatory
Name: Deesha Srikkanth
Designation: Additional Director
Place: Mumbai
Date: October 12, 2026
Part A
Annexure
Disclosures under Regulation 29(1) of Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Part-A-Details of the Acquisition
1. Name of the Target Company (TC) Hindustan Appliances Limited
2.Name(s) of the acquirer and Persons Acting in CTL Trusteeship Limited acting as Debenture Trustee
Concert (PAC) with the acquirer on behalf of Debentureholdersand acting as Put Option
Security Trustee on behalf of the investors
3.Whether the acquirer belongs to No.
Promoter/Promoter group
4.Name(s) of the Stock Exchange(s) where the shares BSE Limited
of TC are Listed
5.Details of the acquisition as follows Number % w.r.t. total % w.r.t. total
share/voting diluted
capital wherever share/voting
applicable(*) capital of the TC
(**)
Before the acquisition under consideration, holding
of acquirer along with PACs of:
a) Shares carrying voting rights - - -
b) Shares in the nature of encumbrance - - -
(pledge/lien/non-disposal undertaking/others)
c) Voting rights (VR) otherwise than by equity - - -
shares
d) Warrants/convertible securities/any other - - -
instrument that entitles the acquirer to receive
shares carrying voting rights in the TC
(specify holding in each category)
e) Total (a+b+c+d) - - -
Details of acquisition
a) Shares carrying voting rights acquired - - -
b) VRs acquired otherwise than by equity shares - - -
c) Warrants/convertible securities/any other - - -
instrument that entitles the acquirer to receive
shares carrying category) acquired
d) Shares in nature of encumbrance (pledge / lien 65,82,000 65.65% 65.65%
/ non-disposal undertaking / others)
e) Total (a+b+c+d) 65,82,000 65.65% 65.65%
After the acquisition, holding of acquirer along with
PACs of:
a) Shares carrying voting rights - - -
b) VRs otherwise than by equity shares - - -
c) Warrants/convertible securities/any other - - -
instrument that entitles the acquirer to receive shares
carrying voting rights in the TC (specify holding in
each category) after acquisition
d) Shares in nature of encumbrance 65,82,000 65.65% 65.65%
(pledge/lien/non-disposal undertaking/others)
e) Total (a+b+c+d) 65,82,000 65.65% 65.65%
6.Mode of acquisition (e.g. open market / public By way of pledge of equity shares of the Hindustan
issue / rights issue / preferential allotment / inter-se Appliances Limited in favour of CTL Trusteeship
transfer/encumbrance, etc.) Limited
7.Salient features of the securities acquired including Pledge over 65,82,000 shares of the Hindustan
time till redemption, ratio at which it can be Appliances Limited in favour of CTL Trusteeship
converted into equity shares, etc. Limited by way of execution of share pledge
agreementswherein we are acting as the security trustee
for and on behalf of (i) CTL Trusteeship Limited as the
debenture trustee, and (ii) identified investors.
8.Date of acquisition of/ date of receipt of intimation Shares pledged on 08-10-2026
of allotment of shares / VR/ warrants/convertible
securities/any other instrument that entitles the
acquirer to receive shares in the TC.
Rs. 10,02,60,000 (1,00,26,000 Equity shares having
9.Equity share capital / total voting capital of the TC
face value of Rs 10each)
before the said acquisition
10.Equity share capital/ total voting capital of the TC Rs. 10,02,60,000 (1,00,26,000 Equity shares having
after the said acquisition face value of Rs 10 each)
11.Total diluted share/voting capital of the TC after Rs. 10,02,60,000 (1,00,26,000 Equity shares having
the said acquisition face value of Rs 10 each)
Signature of the acquirer:
For CTL Trusteeship Limited
Authorised Signatory
Name: Deesha Srikkanth
Designation: Additional Director
Place: Mumbai
Date: October 12, 2026