Promoter Pledges Shares in Flywings Simulator Training Centre Limited
Ms. Rupal Sanjay Mandavia, a promoter of Flywings Simulator Training Centre Limited, has created an encumbrance over a portion of her equity shares in the company. The pledge was established in favor of Catalyst Trusteeship Limited and is linked to the issuance of Secured Non-Convertible Debentures for the benefit of the listed entity.The transaction details reveal that Ms. Mandavia holds 60,93,414 equity shares of Flywings Simulator Training Centre Limited, representing a 59.87% stake in the company. The creation of the encumbrance specifically covered 14,72,982 equity shares, which corresponds to 14.47% of the total share capital.
The pledge was created to facilitate the issuance of Secured Non-Convertible Debentures.
Key details regarding the promoter's shareholding and the encumbered shares are summarized below:
| Promoter Name | Total Shares Held | Promoters Holding % | Encumbered Shares | Encumbered % | Pledgee Entity |
|---|---|---|---|---|---|
| Ms. Rupal Sanjay Mandavia | 60,93,414 | 59.87% | 14,72,982 | 14.47% | Catalyst Trusteeship Limited |
The transaction underscores the collateralization of equity shares held by the promoter group in support of the company's financial requirements related to the debenture issuance.
Stock Price Movement
The stock closed at ₹23.69, posting a strong gain of 1.89%. During the trading session, shares experienced volatility, testing lows near ₹23.11 before reaching an intraday high of ₹23.94.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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