The Punjab Produce & Trading Co. Pvt. 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 Punjab Produce & Trading Co. Pvt. Ltd., acting on behalf of the promoters and persons acting in concert of Birla Cable Limited, has submitted a declaration under SEBI Takeover Regulation 31(4) to the stock exchanges. The promoters confirmed that they have not created any new encumbrance (pledge/lien) on BCL equity shares. The only existing pledge on record is 12,50,000 equity shares (face value Rs. 10 each) pledged by Vindhya Telelinks Ltd. (a promoter) with State Bank of India as collateral security for working capital facilities, which was already disclosed earlier. The filing also tabulates promoter group shareholdings, with Vindhya Telelinks at 19.33%, Birla Corporation at 17.96%, Universal Cables at 13.00%, The Punjab Produce & Trading at 7.59%, Hindustan Medical Institution at 5.71%, and several other entities, collectively holding roughly two-thirds of the company.
This is a routine annual compliance declaration and carries no material impact for shareholders. The confirmation that no fresh encumbrances have been created is neutral and indicates stable promoter holdings with no incremental pledge pressure on the stock.