MURUGAN ENTERPRISE PRIVATE 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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Murugan Enterprise Private Limited, a promoter entity of Bannari Amman Spinning Mills Limited, has filed a routine disclosure with NSE and BSE. The filing confirms that the promoter holds 3,87,53,275 equity shares representing 48.49% of the company's total shareholding as of 31 March 2026. The key declaration states that no encumbrances (pledges or liens) have been created on these shares, either directly or indirectly, during the Financial Year ended 31 March 2026. This is a periodic compliance filing mandated under SEBI's substantial acquisition regulations.
Positive signal for minority shareholders as the absence of promoter share encumbrances reduces the risk of forced share sales in the market. This confirms promoter commitment and financial stability of the promoter entity.