Sundrop Brands promoter pledges shares for acquisition funding

CAG-TECH (Mauritius) Limited, the promoter of Sundrop Brands Limited (formerly Agro Tech Foods Limited), has disclosed the creation of a non-disposal undertaking on 12,785,449 shares, representing 33.92% of the total share capital. This encumbrance is in favor of Catalyst Trustee Limited, an onshore security trustee for lenders OCA Fund III Pte. Ltd. and OCA Fund III (B) Pte. Ltd. The transaction, reported on December 23, 2025, is part of a security package for a loan to acquire additional shares in Sundrop Brands Limited.

The security cover for this arrangement is valued at Rs. 902,65,26,994, with the amount involved against the encumbered shares being Rs. 289,53,39,750. The loan, which created this non-disposal undertaking, amounts to $32,100,000 and was availed in two tranches. The first tranche of $16,100,000 is to be utilized by February 28, 2026, and the second tranche of $16,000,000 by June 25, 2026.

Repayment for the loan is scheduled for 48 months from December 19, 2025. This disclosure was made in compliance with Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.