Ambika Cotton Mills 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.
AMBIKCO · price
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Ambika Cotton Mills promoters have filed a 'no encumbrance' declaration with NSE and BSE, confirming that shares held by the promoter group are free from any pledge, charge, or encumbrance. Sri. P.V. Chandran (Promoter) holds 609,784 shares (10.65%) and Smt. C. Bhavani (Spouse, Promoter Group) holds 2,272,566 shares (39.70%). Total promoter holding stands at 2,882,350 shares representing 50.35% of the company's 57,25,000 total equity shares. All shares are held in demat account.
Positive signal for investors as the declaration confirms promoters have not pledged their shares, removing risk of forced selling due to loan defaults and indicating healthy promoter finances.