Kamat Hotels (I) Limited — Important, 18-12-2024: General Updates

The company has successfully completed the release of 14,085,021 equity shares that were previously pledged in favor of Catalyst Trusteeship Limited as part of the secured redeemable non-convertible debentures issued on January 25, 2023. This comes after the full redemption of the debentures on July 26, 2024. With this release, the promoter and promoter group no longer have any equity shares pledged with the debenture trustee. This development enhances the financial flexibility of the promoter group and strengthens their ownership position in Kamat Hotels (India) Limited, which could be seen as a positive for investors.