BSEInsider Trading / SAST6d ago · 31 Jul 2026, 10:47 am
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
Eureka Forbes Ltd · 543482
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Catalyst Trusteeship Limited, as onshore security agent, has disclosed a pledge of 11,418,729 shares of Eureka Forbes Ltd, constituting 5.90% of the issued and paid-up share capital, by Lunolux Limited in favor of Catalyst Trusteeship Limited for the benefit of certain lenders.
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Eureka Forbes Ltd - 543482 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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CTL/SAST/26-27/00810 30 July 2026
1. Department of Corporate Services,
BSE Limited
Floor 25, P J Towers,
Dalal Street,
Mumbai - 400 001
2. National Stock Exchange of lndia Limited
Exchange Plaza,
Bandra Kurla Complex, Bandra (E),
Mumbai - 400 051
3. CC: Eureka Forbes Limited
B1/B2, 701, 7th Floor, Marathon Innova,
Off. Ganpatrao Kadam Marg, Lower Parel (West), Mumbai, Maharashtra – 400013
Sub: Disclosure under Regulation 29(2) of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Dear Sir/Ma’am,
We write in our capacity as pledgee for the Pledged Shares (as defined below) of Eureka Forbes
Limited pledged in our favour by Lunolux Limited (“Borrower”).
Enclosed is a disclosure by Catalyst Trusteeship Limited (“Onshore Security Agent”) under
Regulation 29 (2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares
and Takeovers) Regulations, 2011, as amended (the “Takeover Code”). This disclosure is in
addition to our disclosure dated 9 May 2024 under Regulation 29 (1) of the Takeover Code (“Earlier
Disclosure”).
In the Earlier Disclosure, we, Catalyst Trusteeship Limited acting in our capacity as the onshore
security agent in respect of the Facility (as defined in the Earlier Disclosure), made a disclosure inter
alia in respect of the encumbrance by way of pledge over 64,950,000 equity shares of Eureka Forbes
Limited (“Target Company”) (“Initial Pledged Shares”).
Pursuant to clause 19.2 (Collateral Shortfall) of the Facility Agreement (as defined in the Earlier
Disclosure), the Borrower was required to pledge additional shares held by it in the Target Company.
Accordingly, the Borrower has created a top up pledge over additional 11,418,729 shares of the
Target Company constituting 5.90% of the issued and paid-up share capital of the Target Company
(“Top-Up Pledged Shares” together with the Initial Pledged Shares, the “Pledged Shares”).
This disclosure is being made by the Onshore Security Agent in respect of such encumbrance by
way of pledge over the Top-Up Pledged Shares, created by the Borrower in favour of Catalyst
Trusteeship Limited (acting in the capacity of the onshore security agent) for the benefit of certain
lenders (including their assigns, transferees, successors and novates from time to time, provided
they are overseas banks or otherwise eligible to obtain the benefit of the pledge under applicable
Reserve Bank of India guidelines and their agent/trustees).
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We also wish to clarify that as at the date of this disclosure, we do not hold any beneficial interest in
the Pledged Shares and the Pledged Shares have been pledged in our favour in our capacity as
pledgee.
We request you to take the same on record and acknowledge the same.
Yours faithfully,
For Catalyst Trusteeship Limited
Authorised Signatory
Name: Deesha Srikkanth
Designation: Senior Vice President
Place: Mumbai
Date: 30 July 2026
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Disclosure under Regulation 29(2) of SEBl (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011
Part-A - Details of the Acquisition
Name of the Target Company (TC) Eureka Forbes Limited
Name(s) of the acquirer and Persons Acting in Catalyst Trusteeship Limited acting in its
Concert (PAC) with the acquirer capacity as the onshore security agent for
Lenders (as defined below) to Lunolux Limited
under the Facility Agreement (as defined
below)
Whether the acquirer belongs to No
Promoter/Promoter group
Name(s) of the Stock Exchange(s) where the BSE Limited and National Stock Exchange of
shares of TC are Listed India Limited
% w .r.t. total
% w.r.t. total
diluted
share/voting
share/voting
Details of the acquisition / disposal as follows Number
capital
capital of the
wherever
applicable(*)
(**)
Before the acquisition under consideration,
holding of:
Nil Nil Nil
(a) Shares carrying voting rights
(b) Shares in the nature of encumbrance 64,950,000 33.56(1) 31.16(1)
(pledge/ lien/ non-disposal undertaking/
others)
(c) Voting rights (VR) otherwise than by Nil Nil Nil
equity shares
(d) Warrants/convertible securities/any Nil Nil Nil
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) 64,950,000 33.56(1) 31.56(1)
Details of acquisition Nil Nil Nil
(a) Shares carrying voting rights acquired/
sold
(b) VRs acquired/ sold otherwise than by Nil Nil Nil
equity shares
(c) Warrants/convertible securities/any Nil Nil Nil
other instrument that entitles the
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acquirer to receive shares carrying
voting rights in the TC (specify holding
in each category) acquired/ sold
(d) Shares encumbered/ invoked/ released 11,418,729# 5.90#(1) 5.48#(1)
by the acquirer
(e) Total (a+b+c+/-d) 11,418,729# 5.90#(1) 5.48#(1)
After the acquisition/ sale, holding of: Nil Nil Nil
(a) Shares carrying voting rights
(b) Shares encumbered with the acquirer 7,63,68,729 39.47(1) 36.63(1)
(c) VRs otherwise than by shares Nil Nil Nil
(d) Warrants/convertible securities/any Nil Nil Nil
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify holding
in each category) after acquisition
(e) Total (a+b+c+d) 7,63,68,729 39.47(1) 36.63(1)
Mode of acquisition (e.g. open market/ off- Creation of encumbrance. Please see note #
market/ public issue/rights issue/preferential below.
allotment/inter se transfer etc.)
Date of acquisition/ sale of shares/ VR or date 28 July 2026 (date of creation of encumbrance)
of receipt of intimation of allotment of shares,
whichever is applicable
Equity share capital / total voting capital of the INR 193,50,61,860 divided into 19,35,06,186
TC before the said acquisition/ sale fully paid up equity shares of INR 10/- each as
per the shareholding pattern published on the
website of the BSE Ltd for the quarter ended
June 30, 2026.
Equity share capital/ total voting capital of the INR 193,50,61,860 divided into 19,35,06,186
TC after the said acquisition/ sale fully paid up equity shares of INR 10/- each as
per the shareholding pattern published on the
website of the BSE Ltd for the quarter ended
June 30, 2026.
Total diluted share/voting capital of the TC after INR 208,46,61,530 divided into 20,84,66,153
the said acquisition/ sale equity shares of INR 10/- each as per the
shareholding pattern published on the website
of the BSE Ltd for the quarter ended June 30,
2026.
(1) The percentage numbers have been rounded up to reflect the percentage up to two decimal points
(*) Total share capital/ voting capital taken as per the latest filing done by the Target Company to the
Stock Exchange under Clause 35 of the Listing Agreement.
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(**) Diluted share/ voting capital means the total number of shares in the Target Company assuming full
conversion of the outstanding convertible securities/ warrants into equity shares of the Target Company.
Note-#
1. Lunolux Limited (the “Borrower”) is a shareholder in Eureka Forbes Limited (the “Target
Company”) and has entered into a facility agreement dated 1 May 2024 (“Facility
Agreement”), pursuant to which the Borrower has availed a loan facility (the “Facility”) from
certain lenders (including their assigns, transferees, successors and novates from time to
time, provided they are overseas banks or otherwise eligible to obtain the benefit of the
pledge under applicable Reserve Bank of India guidelines and their agent/trustees)
("Lenders”).
In connection with the Facility, the Borrower had created a pledge over 64,950,000 equity
shares of the issued and paid-up share capital of the Target Company (“Initial Pledged
Shares”). A disclosure in respect of the same was made to the exchanges on 9 May 2024
under Regulation 29 (1) of the Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Code”).
Pursuant to clause 1
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