ABHISHEKNSEAbhishek Corporation Limited· Textiles - CottonMediumNeutral
Announced Thu, 9 Apr · 12:02 IST

Anjali A. Mohite 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.

Ownership Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Anjali A. Mohite, a promoter of Mahaalaxmi Texpro Limited (formerly Abhishek Corporation Ltd), has submitted a declaration to both BSE and NSE confirming that she and her persons acting in concert (PAC) have not pledged or created any encumbrance on equity shares during the financial year ending 31 March 2026. The company was previously under liquidation following an NCLT order dated 11 March 2019. A sale to Mahaalaxmi Textile as a going concern was completed in January–March 2024. Several corporate actions including cancellation of old promoter shares, reduction of public shareholding, share consolidation, and allotment of shares to new promoters are still pending with ROC, stock exchanges, and depositories.

Likely market impact

This is a routine compliance declaration confirming no pledge activity by the new promoter group; it carries no immediate direct impact on the stock price but provides transparency about the promoter shareholding status during an ongoing corporate restructuring.