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.
Promoter Anjali A. Mohite has submitted a declaration confirming that she and persons acting in concert (PAC) have not pledged or encumbered any equity shares in Mahaalaxmi Texpro Limited during FY 2025-26. The company was under liquidation following an NCLT order dated 11th March 2019. It was subsequently sold to Mahaalaxmi Textile as a going concern via NCLT order dated 25th January 2024. Several corporate actions including cancellation of old promoter shares, reduction of public shareholding, share consolidation, and allotment to new promoters are still pending with regulatory authorities. The filing is for compliance purposes given ongoing share-related updates not yet reflected in ROC and depository databases.
This is a positive confirmation for investors as it shows no encumbrance or pledge on promoter holdings. However, the company remains in a complex corporate restructuring phase with multiple regulatory processes pending, which may delay final settlement of shareholdings.