BSECompany Update2d ago · 17 Aug 2026, 11:04 pm
Completion of realignment of Security Cover in respect of Non-Convertible Debentures.
Mankind Pharma Ltd · 543904
✦ AI SummaryDebt Restruc.
Mankind Pharma Ltd has completed the realignment of security cover for its Non-Convertible Debentures, releasing 28,280 pledged shares of Bharat Serums and Vaccines Ltd. The revised security cover is 1.26 times the outstanding NCDs.
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Mankind Pharma Ltd - 543904 - Completion Of Realignment Of Security Cover In Respect Of Non-Convertible Debentures And Consequent Release Of Pledged Shares Of Bharat Serums And Vaccines Limited
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August 17, 2026
BSE Limited National Stock Exchange of India Limited
P J Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Bandra Kurla Complex,
Mumbai – 400 001 Bandra (E), Mumbai – 400 051
Scrip Code: 543904 Symbol: MANKIND
Dear Sir/ Madam,
Ref.: Regulation 30, 51 and other applicable provisions, if any, of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 ("Listing Regulations")
Subject: Completion of Realignment of Security Cover in respect of Non-Convertible
Debentures and Consequent Release of Pledged Shares of Bharat Serums and
Vaccines Limited
This is in continuation of our earlier intimation dated May 19, 2026, wherein the Company had
inter-alia informed the Stock Exchanges regarding approval by the Board of Directors of the
Company for realignment of the security cover in respect of the existing Non-Convertible
Debentures ("NCDs") bearing ISIN Nos. INE634S07025 and INE634S07033.
In this regard, we further wish to inform that in accordance with the terms of the Debenture
Trust Deed(s) as amended and the applicable provisions of SEBI (Issue and Listing of Non-
Convertible Securities) Regulations, 2021 read with Listing Regulations, as amended, post
receipt of requisite approvals of the NCD holders and BSE Limited on July 13, 2026 and on
July 21, 2026 respectively, the Company has created the revised security in favour of the
Debenture Trustee, viz. Catalyst Trusteeship Limited, over tangible and intangible assets of the
Company/its subsidiary(ies). Consequent to creation of the revised security cover as stated
above, the pledge on 28,280 equity shares of Bharat Serums and Vaccines Limited (“BSVL”)
(constituting 38.68% of the paid-up equity share capital of BSVL), which was subsisting in
favour of the Debenture Trustee on behalf of the NCD holders, has been released on August
17, 2026. In compliance with the applicable provisions of the Listing Regulations and the terms
of the Debenture Trust Deed(s) the revised security cover is 1.26 times the amount of
outstanding NCDs as on date. No shares of BSV are now under pledge for NCDs.
The above is submitted for your information and records.
Thanking You,
Yours Faithfully,
For Mankind Pharma Limited
Hitesh Kumar Jain
Company Secretary &
Compliance Officer