GSP Crop Science Limited Creates Pledge on GIPL Shares for Term Loan Security
GSP Crop Science Limited announced that it created a further pledge on its equity shares held in its subsidiary, GSP Intermediates Private Limited (GIPL). The transaction, which took place on May 26, 2026, involves securing a term loan availed by GIPL.The company created the pledge on 15,43,500 Equity Shares of GIPL in favor of Aditya Birla Capital Limited. This transaction serves as security for the fulfillment of the term loan obligations taken by GIPL.
GSP Crop Science Limited continues to maintain its substantial stake in GIPL. The company holds 11,850,000 Equity Shares, representing 79.00% of the Paid-up share capital of GIPL.
The details regarding the shareholding and the encumbrance created are as follows:
| Particulars | Detail | Percentage |
|---|---|---|
| Name of Subsidiary Company | GSP Intermediates Private Limited (GIPL) | |
| Nature of Transaction | Creation of further pledge/encumbrance | |
| Lender | Aditya Birla Capital Limited | |
| Purpose | Security for term loan compliance | |
| Total Shares Held by GSP | 11,850,000 Equity Shares | 79.00% |
| Shares pledged on May 26, 2026 | 15,43,500 Equity Shares | 13.03% of the 79% holding |
| Shares already under pledge | 5,806,500 Equity Shares | 49.00% of the 79% holding |
The company confirmed that this pledge transaction does not result in any change in the control or ownership of the Subsidiary Company.
GSPCROP Stock Price Movement
GSP Crop Science Limited shares today slipped by 2.98% to settle at ₹442.05 in post-market trading. Despite hitting a 52-week high of ₹472, the stock saw considerable action, trading 407,539 shares today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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