SBICAP Trustee company releases pledged Nectar Life Sciences shares

SBICAP Trustee Company Limited announced the release of pledged equity shares of Nectar Life Sciences Limited on October 30, 2025. This disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and was communicated to BSE Limited.

The release involved 9,94,68,000 equity shares of INR 1/- each, totaling an aggregate value of INR 9,94,68,000. Prior to this release, SBICAP Trustee Company Limited's holding, along with Persons Acting in Concert (PACs), in Nectar Life Sciences Limited accounted for 44.35% of the total share/voting capital. This figure represented both voting rights and shares in the nature of encumbrance.

Following the release of these pledged shares, SBICAP Trustee Company Limited's holding, including PACs, in Nectar Life Sciences Limited is now reported as NIL in all categories, including shares carrying voting rights and encumbered shares.