Italian-Thai Development Public 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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Italian-Thai Development Public Company Limited, the promoter of the company (ITD Cementation India Limited), has filed its yearly declaration under SEBI Regulation 31(4) of the Takeover Regulations. The declaration confirms that the promoter, along with persons acting in concert, has not created any new encumbrance (such as pledge or lien) on the company's shares during the financial year ended 31st March 2023. This is a routine annual compliance filing required from promoters of listed companies. No new pledges, liens, or other encumbrances were added during the year beyond what was already disclosed.
This is a neutral, routine compliance filing. It reassures shareholders that the promoter has not raised any new pledges on their stake during the year, which is generally seen as a stable signal with no immediate effect on share price.