The Midland Rubber & Produce Company Ltd. 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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The Midland Rubber & Produce Company Ltd., a promoter group entity of AVT Natural Products, has filed a Regulation 31(4) declaration with the exchange for the financial year ending 31 March 2025. The filing confirms that the promoters and persons acting in concert have not created, released, or invoked any encumbrance (pledge, lien, or otherwise) on their shares during the year. The disclosure table lists all promoter holdings with NIL values across every encumbrance-related field. Major promoter entities include Neelamalai Agro Industries (40.00%), The Midland Rubber & Produce Company (29.85%), The Nelliampathy Tea and Produce Company (4.00%), and individual promoters Mr. Ajit Thomas (1.00%), Mrs. Shanthi Thomas (0.12%), and Mr. Ashwin Thomas (0.03%). Combined promoter group holding stands at roughly 75% of share capital.
This is a routine annual compliance filing and is neutral for shareholders. It reassures investors that no promoter shares have been pledged or encumbered, meaning there is no near-term risk of forced selling or margin calls from the promoter group.