Business Match Services (India) Private Limited, a promoter entity of Centrum Capital Limited, has pledged an additional 50,00,000 equity shares of Centrum Capital Limited. This latest encumbrance, created on June 25, 2025, represents 1.20% of Centrum Capital's total paid-up share capital, bringing the total promoter-encumbered shares to 7,24,39,250, or 17.41% of the company's equity.
| Particulars | Details |
|---|---|
| Promoter Entity | Business Match Services (India) Private Limited |
| Target Company | Centrum Capital Limited |
| Shares Pledged (Current Event) | 50,00,000 equity shares |
| Percentage of TC's Share Capital (Current Event) | 1.20% |
| Date of Pledge Creation | June 25, 2025 |
| Date of Reporting | July 11, 2025 |
| Promoter Holding in TC (Pre-event) | 13,44,99,041 shares (32.33%) |
| Promoter Holding Already Encumbered (Pre-event) | 6,74,39,250 shares (16.21%) |
| Post-event Total Encumbered Shares | 7,24,39,250 shares |
| Post-event Total Encumbered % of TC's Share Capital | 17.41% |
| Entity in Whose Favor Shares Encumbered | Catalyst Trusteeship Limited (Debenture Trustee for Neo Special Credit Opportunities Fund) |
| Reason for Encumbrance | Third Party Pledge for giving security of group Company NCDs issued to Neo Special Credit Opportunities Fund |
Pledge Details and Rationale
The recent pledge by Business Match Services (India) Private Limited involves 50,00,000 equity shares of Centrum Capital Limited. This transaction, executed on June 25, 2025, was reported to the stock exchanges on July 11, 2025, as a revised disclosure under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The revision specifically rectified the "Name of the entity in whose favor shares encumbered."
The shares have been encumbered in favor of Catalyst Trusteeship Limited, acting as the Debenture Trustee for Neo Special Credit Opportunities Fund. The stated reason for this encumbrance is a "Third Party Pledge for giving security of group Company NCDs issued to Neo Special Credit Opportunities Fund." This indicates that the shares of Centrum Capital Limited are being used as collateral to secure non-convertible debentures (NCDs) issued by a group company of Business Match Services (India) Private Limited to the aforementioned fund.
Promoter's Holding and Encumbrance Status
Prior to this latest pledge, Business Match Services (India) Private Limited held a total of 13,44,99,041 equity shares in Centrum Capital Limited, which constitutes 32.33% of the target company's total share capital. Of this holding, 6,74,39,250 shares, representing 16.21% of Centrum Capital's total share capital, were already encumbered.
With the addition of the 50,00,000 newly pledged shares, the total number of encumbered shares held by Business Match Services (India) Private Limited in Centrum Capital Limited has increased to 7,24,39,250. This revised figure now accounts for 17.41% of Centrum Capital's total share capital, marking an increase in the proportion of the promoter's holding that is pledged.
Regulatory Compliance and Disclosure
The disclosure was submitted to both the BSE Limited and the National Stock Exchange of India Ltd, where Centrum Capital Limited's shares are listed. The submission on July 11, 2025, was a revised filing, correcting an error in the previous reporting regarding the beneficiary of the encumbrance. This adherence to Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensures transparency regarding changes in promoter shareholding and encumbrance status. Such disclosures are crucial for investors to assess the financial arrangements and potential obligations of a company's promoter group.
