Nirlon Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

CSCGlobal Capital Markets (Singapore) Pte. Ltd. has disclosed that BSREP IV FPI Two Holdings (DIFC) Limited, a shareholder, has encumbered 10,945,558 shares in Nirlon Limited. This represents approximately 12.15% of Nirlon's total equity capital, which stands at 90.12 Cr, comprising 9,01,18,040 shares of 10 each. These shares serve as security for an amended and restated facilities agreement, with a security right also created over them for the benefit of Barclays Bank PLC. This means a substantial block of Nirlon shares is pledged as collateral, reflecting a secured financial arrangement rather than a change in voting control or immediate sale.