Medplus promoters pledge shares for debt refinancing

Agilemed Investments, a promoter of Medplus Health Services Limited, announced on December 19, 2025, the pledging of 4,851,066 equity shares of the company. This pledge is for the refinancing of Medplus Health Services' existing non-convertible debentures (NCDs). This transaction is expected to temporarily increase the promoter group's pledged shares from 23.91% to 27.96% of the total share capital.

The shares were pledged to Catalyst Trusteeship Limited, the Debenture Trustee for Neo Assets Management. The borrowed funds of INR 1,750,000,000 will be used to retire existing non-convertible debentures issued by Agilemed Investments. Upon successful completion of the debt refinancing and the release of existing pledged shares, the aggregate promoter group share pledge is projected to decrease to 24.48%.

As of the reporting date, the total promoter shareholding in Medplus Health Services Limited is 48,280,627 shares, representing 40.29% of the total share capital. With this new pledge, the total encumbered shares by Agilemed Investments amount to 15,649,495 shares, or 32.41% of its promoter shareholding. Overall, 69.39% of the total promoter shareholding is now encumbered.