DocMode Health Technologies (#DHTL) **Issue:** Promoter Mr. Paulson Thazhathedath's 44,403 equity shares, representing 1.41% of total capital, have been invoked and transferred.
This stems from the company's default in repaying the principal amount of Non-Convertible Debentures (NCDs) totaling Rs 1.25 Cr.
The value of the invoked shares is approximately Rs 0.50 Cr. **Impact:** This event directly reduces the promoter's control over DocMode Health Technologies.
Prior to this, 8.57% of shares were pledged; following the invocation, 7.16% remain pledged.
The company has stated there is no other immediate impact on its financials or operations. **Response:** DocMode Health Technologies has requested the debenture holder for an extension period to facilitate the repayment of the NCDs.
No comments yet. Be the first.