Abhishek Corporation Limited 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.
Awaiting price reaction for this filing.
The company (formerly Abhishek Corporation Limited, BSE: 532831, NSE: ABHISHEK) has submitted a disclosure declaring that promoters hold no pledge or encumbrance on equity shares for FY 2025-26. The company was under NCLT liquidation since March 2019. A sale to Mahaalaxmi Textile as a going concern was completed in January-March 2024. Pending corporate actions include cancellation of old promoter shares, share reduction, consolidation, and new share allotment to new promoters - all still awaiting processing at ROC, stock exchanges, and deposositories.
This is a compliance filing confirming clean promoter shareholding with no encumbrances. However, the pending corporate actions (share cancellation, consolidation, new allotments) suggest ongoing restructuring, which could lead to significant changes in share capital structure and promoter holding patterns once completed.