Ambika Cotton Mills Limited has informed the Exchange regarding 'Disclosure Of Encumbered Shares By Promoters - Regulation 31 OfSEBI (Substantial Acquisition Of Shares And Takeover) Regulations,2011 No-Encumbrance Shares Applicability And Filing OfDeclaration'.
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Ambika Cotton Mills Limited has submitted a declaration confirming that there was no encumbrance (pledge) on promoter shares at any point of time. The promoters hold 2,882,350 shares representing 50.35% of the company's total equity capital of 57,25,000 shares. Sri. P.V. Chandran (Promoter) holds 609,784 shares (10.65%) and Smt. C. Bhavani (Promoter Group/Spouse) holds 2,272,566 shares (39.70%). This is a routine compliance filing under SEBI regulations requiring disclosure of share pledges by promoters.
Positive signal for shareholders as promoters have no shares pledged, indicating no immediate risk of forced selling or stake dilution due to debt obligations. The promoter holding just above 50% provides stability but leaves minimal room for non-promoter participation in control.