ABB Asea Brown Boveri Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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ABB Asea Brown Boveri Ltd, the Swiss-based promoter holding a majority stake in ABB India Limited, has submitted an annual declaration to BSE and NSE. The filing confirms that during the financial year April 1, 2025 to March 31, 2026, the promoter has not encumbered (pledged) any shares of ABB India Limited. This declaration is mandated under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The promoter, identified by PAN AAFCA9556M, issued the declaration through its authorized signatories Alexander Anliker and Christian Hediger from its Zurich headquarters.
The absence of share encumbrance by the promoter is a positive signal for ABB India shareholders as it indicates no immediate risk of forced share sales due to pledge liquidation. This suggests the promoter has sufficient financial flexibility without using company shares as collateral.