BSEInsider Trading / SAST6h ago · 31 Oct 2026, 10:03 am
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 30, 2026 for Lone Furrow Investments Pvt Ltd
Medplus Health Services Ltd · 543427
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Lone Furrow Investments Private Limited, a promoter of Medplus Health Services Limited, has created an additional pledge of 18,00,000 equity shares of the company to maintain the security cover ratio required under the share pledge agreement for existing non-convertible debentures.
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Medplus Health Services Ltd - 543427 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
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LONE FURROW INVESTMENTS PRIVATE LIMITED
October 30, 2026
BSE Limited National Stock Exchange of India Limited
Corporate Relationship Department Exchange Plaza, 5th Floor.
Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block,
Dalal Street, Fort Bandra - Kurla Complex
Mumbai – 400 001 Bandra (East), Mumbai – 400051
Medplus Health Services Limited
H. No. 11-6-56, Survey No.257 & 258/1,
Opp: Idpl Siding Road, Moosapet,
Kukatpally, Hyderabad-500 037,
Telangana.
Sub: Disclosure under Regulation 31(1) and 31(2) of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SAST Regulations”)
Dear Sir/Madam,
Pursuant to Regulation 31(1) and 31(2) of the Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011, we, Lone Furrow Investments Private
Limited, being a Promoter of Medplus Health Services Limited (“the Company”), hereby inform the
stock exchanges and the Company that we have created an additional pledge of 18,00,000 equity
shares of the Company on October 23, 2026 in favour of Catalyst Trusteeship Limited (acting as
Debenture Trustee for Avendus Finance Private Limited, the Debenture Holder), in order to maintain
the Security Cover Ratio required under the relevant Share Pledge Agreement in respect of the
existing Non-Convertible Debentures. No fresh amount has been borrowed.
Post the aforesaid creation of pledge, we hold an aggregate of 88,00,000 equity shares of the
Company under pledge.
The Details of the encumbrance of shares by way of creation of pledge are attached herewith in
Annexure I and II.
Kindly take the same on your records.
Thanking You,
Yours Faithfully
For and on behalf of
Lone Furrow Investments Private Limited
Promoter
Authorized Person
Madhukar Reddy Gangadi
Director
DIN: 00098097
Place: Hyderabad
Regd. ad: H.No. 11-6-56, Survey No. 257, 258/1, Opp. IDPL Railway Siding Road,
Moosapet, Kukatpally, Hyderabad - 500037, Telangana, India.
CIN: U67100TG2020PTC145730, Email ID: cs@lonefurrow.com
Annexure-1
Disclosure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares / invocation of encumbrance/ release of encumbrance , in terms of Regulation 31(1) and
31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Medplus Health Services Limited
Name of the Target Company (TC)
1. BSE Limited
Names of the Stock Exchanges where the shares of the target company are listed
2. National Stock Exchange of India Limited
30.10.2026
Date of reporting
Lone Furrow Investments Private Limited
Name of the promoter or PAC on whose share’s encumbrance has been created/released/invoked
Details of the creation/invocation/release of encumbrance: 23.10.2026
Name of the Promoter holding Promoter holding Details of events pertaining to encumbrance (3) Post event holding of
promoter (s) or in the target already encumbered (2) encumbered shares.
PACs on whose company (1) (creation [(2)+(3)] /
shares release [(2)- (3)]
encumbrance has / invocation [(2)-(3)]]
been created/
released/invoked
No. of % of No. of % of total Type of event Date of Type of No. of Reason for % of Name of the entity No. of % of total
shares total shares share (creation creation/ encumbranc shares encumbran total in whose favor shares share
share capital /release/ invocation/rele e (pledge/ ce share shares encumbered capital
capital invocation) ase of lien/ non capital
encumbrance disposal
undertaking
/others)
Agilemed 1,56,49,495 13.03 1,44,02,52 11.99% - - - - - - - 1,44,02,5 11.99%
Investments % 5 25
Private Limited
Lone Furrow 1,72,80,732 14.38 70,00,0 5.83% Creation 23.10.2026 Pledge 18,00,000 Creation of 1.50% Debenture Trustee- 88,00,00 7.32%
Investments % 00 additional Catalyst Trusteeship 0
Private Limited pledge of Limited
shares to
maintain the Debenture Holder-
Security Avendus Finance
Cover Ratio Private Limited
under the
Share Pledge
Agreement in
respect of the
existing
NCDs (no
fresh
borrowing)
Madhukar Reddy 1,53,50,400 12.78 1,53,50, 12.78% - - - - - - - 1,53,50, 12.78%
Gangadi % 400 400
For Lone Furrow Investments Private Limited
Promoters
Authorized Person
Madhukar Reddy Gangadi
Director
DIN: 00098097
Place: Hyderabad
Annexure – II
Disclosure of reasons for encumbrance
Name of listed Company Medplus Health Services Limited
Name of the recognised stock exchanges where the shares of the company are listed 1. BSE Limited
2. National Stock Exchange of India Limited
Name of the promoter(s) / PACs whose shares have been encumbered. 1. Agilemed Investments Private Limited
2. Lone Furrow Investments Private Limited
3. Madhukar Reddy Gangadi
Total promoter shareholding in the listed Company. No. of Shares- 4,82,80,627
% of total share capital - 40.19%
Encumbered shares as a % of promoter Shareholding Name of Promoter No. of Shares encumbered Encumbered shares as a % of promoter Shareholding
Agilemed Investments Private Limited 1,44,02,525 29.83%
Lone Furrow Investments Private Limited 88,00,000 18.23%
Madhukar Reddy Gangadi 1,53,50,400 31.79%
Total 3,85,52,925 79.85%
Whether encumbered share is 50% or more of promoter shareholding Yes
Whether encumbered share is 20% or more of total share capital Yes
Details of all the existing events/ agreements pertaining to encumbrance
Particulars Encumbrance 1 to 11 Encumbrance 12 to 15 Encumbrance 16
Encumbrance 17 Encumbrance 19 Encumbrance 18
Encumbrance 22 Encumbrance 21 Encumbrance 20
Encumbrance 24 Encumbrance 26 Encumbrance 23
Encumbrance 25
Date of Creation 20th December 2023 20th December 2024 16th December 2025
to 30th December 2024 24th July 2026
21st August 2024 31st December 2024 19th August 2026
10th March 2025 30th September 2026
30th December 2025 24th July 2026 23rd October 2026
30th September 2026 29th September 2026
23rd October 2026 23rd October 2026
Type of encumbrance (pledge, lien, Pledge Pledge Pledge
negative lien, non-disposal
undertaking etc. or any other
covenant, transaction, condition or
arrangement in the nature of
encumbrance)
No. and % of shares encumbered. S No. Date No. of Shares % of shares S No. Date No. of Shares % of shares encumbered S No. Date No. of Shares % of shares
encumbered encumbered
1. 20.12.2023 17,33,333 3.59%
1 16.12.2025 48,51,066 4.05%
1 20.12.2024 1,34,32,413 11.24%
2. 28.12.2023 Nil Nil
2 24.07.2026 9,00,000 0.75%
Madhukar Reddy Madhukar Reddy 2 30.12.2024 19,17,987 1.60%
Gangadi released Gangadi released
pledged securities on pledged securities on 3 19.08.2026 5,00,000 0.42%
August 21, 2024. August 21, 2024.
3. 12.12.2024 Nil Nil 3 31.12.2024 5,00,000 0.42% 4 30.09.2026 2,50,000 0.21%
Madhukar Reddy Madhukar Reddy
Gangadi released Gangadi released 5 23.10.2026 4,75,000 0.40%
pledged securities on pledged securities on
August 21, 2024. August 21, 2024. 4 10.03.2025 20,00,000 1.67%
5 24.07.2026 29,00,000 2.41%
4. 20.01.2024 3,90,110 0.33%
5. 01.02.2024 23,343 0.01% 6 29.09.2026 16,00,000 1.33%
6. 05.02.2024 4,31,021 0.36%
7 23.10.2026 18,00,000 1.50%
7. 07.02.2024 14,00,000 1.17%
8. 09.02.2024 7,68,378 0.64%
9. 12.02.2024 2,17,600 0.18%
10. 16.02.2024 3,62,079 0.30%
11. 21.08.2024 68,72,565 5.75%
12 24.12.2025 41,71,970 equity shares -3.48%
were released from
pledge on December
24, 2025.
13 30.09.2026 3,00,000 0.25%
14 23.10.2026 5,00,000 0.42%
Specific Name of the entity Catalyst Trusteeship Catalyst Trusteeship
details about in whose favour Catalyst Trusteeship Limited. Debenture Trustee of Debenture Holder Limited. Debenture Trustee of Debenture Holder Limited. Debenture Trustee of Debenture Holder
the shares
Encumbrance encumbered Debenture Holder- Modulus Alternatives Investment Managers Limited (formerly Debenture Holder- Avendus Finance Private Limited Debenture Holder- 1. Neo Special Credit Opportunities Fund 2. Neo Special Credit
known as Centrum Alternative Investment Managers Limited) Opportunities Fund II 3. Neo Credit Opportunities Fund I and 4. Neo Markets Services
Private Limited.
Whether the entity Debenture
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