News ArticleAmbuja Cements Limited Promoters Encumber Nearly 67% of Total Shares as Loan Security
Encumbrance created on October 21, 2026, covers 99.48% of promoter holdings as part of refinancing arrangement with Deutsche Bank AG
Ambuja Cements Limited promoters encumber 1,663,381,052 shares, representing 99.48% of their shareholding and 66.94% of the company's total share capital, as security for loan facilities refinanced through a new debt arrangement with Deutsche Bank AG, Hong Kong Branch acting as security agent on October 21, 2026.
Ambuja Cements Limited
Acquisition / Amalgamation / Merger / Demerger
Ambuja Cements Limited has disclosed the creation of an encumbrance on 1,663,381,052 shares held by its promoters, representing 99.48% of promoter shareholding and 66.94% of total share capital, on October 21, 2026. This encumbrance acts as security for a new loan facility refinancing existing debt.
The shares encumbered belong to promoters Harmonia Trade and Investment Limited, Holderind Investments Limited, and Endeavour Trade and Investment Limited.
The encumbrance was created in favor of Deutsche Bank AG, Hong Kong Branch, which is acting as the security agent for the lenders involved in the new loan facility.
This move represents a refinancing of existing credit facilities previously disclosed by Ambuja Cements, extending the security interests held by the lenders to cover the new debt as well.
No pledging of shares of Ambuja Cements Limited directly has been created; the encumbrance pertains to shares held by the promoter entities.
The promoters collectively hold 67.33% of Ambuja Cements Limited shares, and nearly all their holdings (99.48%) have been encumbered as part of this transaction.
Highlights
- Encumbrance created on October 21, 2026, covering 1,663,381,052 shares.
- This encumbrance represents 66.94% of total share capital and 99.48% of promoter shareholding.
- Promoter entities involved are Harmonia Trade and Investment Limited, Holderind Investments Limited, and Endeavour Trade and Investment Limited.
- Deutsche Bank AG, Hong Kong Branch, acts as security agent for lenders financing the new facility.
- The encumbrance secures a refinancing of existing loans previously disclosed by Ambuja Cements.
Key Data Snapshot
What happened
- Ambuja Cements promoters created an encumbrance on 1,663,381,052 shares as security for loan refinancing.
- This accounts for 99.48% of promoter shares and 66.94% of the company’s total share capital.
- The encumbrance was created on October 21, 2026.
- Deutsche Bank AG, Hong Kong Branch, acts as security agent for the lenders involved.
Key details
- Promoter entities involved are Harmonia Trade and Investment Limited, Holderind Investments Limited, and Endeavour Trade and Investment Limited.
- No pledge was created on Ambuja Cements Limited shares directly; the pledge is on promoter holding companies’ shares.
- The new facility refinances previous loans with existing security arrangements extended under an intercreditor agreement dated October 21, 2026.
- The promoters hold 67.33% of Ambuja Cements Limited shares in total, with nearly all of their shares encumbered.
Regulatory and governance context
- Disclosure made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Previous disclosures related to pledge details were made on October 25, 2023; April 2, 2024; April 19, 2024; and September 30, 2024.
Highlights
- Encumbrance created on October 21, 2026, covering 1,663,381,052 shares.
- This encumbrance represents 66.94% of total share capital and 99.48% of promoter shareholding.
- Promoter entities involved are Harmonia Trade and Investment Limited, Holderind Investments Limited, and Endeavour Trade and Investment Limited.
- Deutsche Bank AG, Hong Kong Branch, acts as security agent for lenders financing the new facility.
- The encumbrance secures a refinancing of existing loans previously disclosed by Ambuja Cements.
Disclosures
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Promoters have encumbered 99.48% of their holdings as security for loan refinancing.
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