Amit Jain 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.
Amit Jain, on behalf of the Promoter Group of CMI Limited, has submitted an annual declaration to the stock exchanges as required under Regulation 31(4) of the SEBI Takeover Regulations. In this disclosure, the promoter group confirms that no new encumbrance (such as pledge or lien) has been created on their shares, directly or indirectly, during the financial year beyond what was already disclosed. This is a routine compliance filing that promoters must submit each year to assure the market that no undisclosed pledging of promoter shares has occurred.
This is a neutral, routine compliance disclosure with no material impact on the stock. It reassures investors that promoters have not silently pledged additional shares, which is mildly positive for confidence in promoter stake stability.