KMC Speciality Hospitals Faces Indirect Encumbrance Through SKMCIL
KMC Hospital Indirect Encumbrance and Shareholding Details
Catalyst Trusteeship Limited disclosed the creation of an indirect encumbrance in relation to the shares of KMC Speciality Hospitals through the shareholding of SKMCIL.
SKMCIL holds 12,23,13,750 equity shares in KMC Speciality Hospitals, representing 75% of the issued and paid-up share capital of the target company.
A pledge was created over 74,10,831 equity shares of SKMCIL, representing 14.53% of SKMCIL's fully diluted shareholding, in favour of the Debenture Trustee for the benefit of debenture holders.
In addition, a non-disposal undertaking was created over 1,65,32,316 equity shares of SKMCIL, representing 32.40% of its fully diluted shareholding, also in favour of the Debenture Trustee.
Together, the pledge and non-disposal undertaking cover 2,39,43,147 equity shares of SKMCIL, representing 46.93% of its fully diluted shareholding.
The filing clarifies that the encumbrance is indirect, as it arises through the pledge and non-disposal undertaking over SKMCIL's shares and not through any direct pledge or other encumbrance over the shares of KMC Speciality Hospitals.
KMC Hospitals Encumbrance and Key Details
Target Company: KMC Speciality Hospitals (India) Limited.
Shareholding Through SKMCIL: Sri Kauvery Medical Care (India) Limited holds 75% of KMC Speciality Hospitals.
Pledge: A pledge was created over 74,10,831 equity shares of SKMCIL, representing 14.53% of its fully diluted shareholding.
Non-Disposal Undertaking: A non-disposal undertaking was created over 1,65,32,316 equity shares of SKMCIL, representing 32.40% of its fully diluted shareholding.
Total Encumbered Shares: The pledge and non-disposal undertaking together cover 2,39,43,147 equity shares of SKMCIL, representing 46.93% of its fully diluted shareholding.
Debenture Trustee: Catalyst Trusteeship Limited is acting as the Debenture Trustee for the benefit of the debenture holders.
Purpose: The encumbrance was created in connection with debentures issued by Prospera Healthcorp Private Limited under the Debenture Trust Deed.
Key Dates: The non-disposal undertaking was executed on July 6, 2026, while the pledge agreement was executed on July 7, 2026. Confirmation of the creation of the entire encumbrance was received by the Debenture Trustee on August 7, 2026.
What to Watch Next
- Investors may monitor any further changes in the encumbrance or shareholding of SKMCIL.
- They can track developments related to the debentures and any changes in the shareholding structure of SKMCIL.
- Investors may also watch for any future disclosures concerning the ownership or shareholding of KMC Speciality Hospitals.
Disclaimer
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