Promoter Pledges Shares in Flywings Simulator Training Centre Limited to Secure Debentures
Flywings Simulator Training Centre Limited has seen a significant transaction involving its promoter, Ms. Rupal Sanjay Mandavia. The company's shares have been pledged as security in favor of Catalyst Trusteeship Limited to facilitate the issuance of Secured Non-Convertible Debentures (SNCDs).The encumbrance was created over a portion of the equity shares held by Ms. Rupal Sanjay Mandavia. This transaction serves as collateral for the debutant’s corporate financing needs.
Ms. Mandavia holds 60,93,414 equity shares in Flywings Simulator Training Centre Limited, representing a holding of 59.87% of the total share capital. In light of the financing activity, an encumbrance was created over 14,72,982 of these shares in favor of Catalyst Trusteeship Limited.
The details of the creation of the pledge are summarized below:
| Metric | Detail |
|---|---|
| Target Company | Flywings Simulator Training Centre Limited |
| Promoter | Ms. Rupal Sanjay Mandavia |
| Ppled Shares (No.) | 14,72,982 |
| Pledged Shares (% of total share capital) | 14.47% |
| Pledgeee Entity | Catalyst Trusteeship Limited |
| Transaction Date | June 17-19, 2026 |
The creation of the pledge is specifically intended to secure the issuance of Secured Non-Convertible Debentures and is designated solely for the benefit of Flywings Simulator Training Centre Limited.
FWSTC Stock Price Movement
On Friday, Flywings Simulator Training Centre Limited shares edged higher to close at ₹191, gaining 0.53% in the session. The stock saw a total traded volume of 54,000 shares during the market phase.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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