West Coast Paper 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.
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West Coast Paper Mills Limited, a promoter-related entity of Andhra Paper Limited, has submitted a disclosure to the exchange under Regulation 31(4) of SEBI's Takeover Regulations, 2011. This regulation pertains to the disclosure of encumbrance (pledge) of shares held by promoters or persons acting in concert. The filing itself confirms the submission but the headline does not specify the exact nature of the pledge event — whether shares were pledged, invoked, or released.
This is a routine regulatory disclosure related to pledge of shares by a promoter-group entity. Shareholders should monitor for further details or follow-up filings to understand the specific nature and size of the encumbrance, as large pledge events can affect promoter holding visibility.