Bajaj Holdings & Investment 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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Bajaj Holdings & Investment Limited (BHIL), the sole promoter of Maharashtra Scooters Limited (MSL), has filed a declaration under SEBI Regulation 31(4) with the stock exchanges. The disclosure confirms that BHIL has not created any encumbrance — directly or indirectly — on the shares of MSL during the financial year 2024-2025. The letter is signed by Company Secretary Sriram Subbramaniam and submitted to both BSE and NSE on April 3, 2025. This is a routine annual compliance filing required of promoters under takeover regulations.
This is a neutral, routine compliance filing. Shareholders can take comfort that the promoter has not pledged or otherwise encumbered its MSL shares during the year, with no change to promoter shareholding structure.