Singavarapu Chandrasekhar 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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Singavarapu Chandrasekhar, on behalf of the promoter and promoter group, has submitted the annual declaration under SEBI Takeover Regulations confirming that the promoter group holds 2,55,99,740 equity shares (19.74%) of the company as on March 31, 2025. The promoters have stated that they have not created any encumbrance (pledge or similar) on their shares, directly or indirectly, during the financial year ended March 31, 2025. The list of nine promoter/promoter group entities is provided, with Singavarapu Chandrasekhar himself being the largest individual holder at 12.90%, followed by Greenpath Energy Private Limited at 3.68%.
This is a routine annual compliance filing. The positive takeaway for shareholders is that promoters have not pledged or encumbered their shares during the year, signalling financial stability and no margin pressure on promoter holdings. However, promoter holding at 19.74% remains relatively low, which means the stock could be more sensitive to large block deals or takeover activity.