Quest Capital Markets 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.
CESC · price
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Awaiting price reaction for this filing.
Quest Capital Markets Ltd (QCML), a promoter-group entity of CESC Limited, has filed a declaration under Regulation 31(4) of the SEBI Takeover Regulations with the stock exchanges. QCML stated that it held 29,025,140 shares of CESC Limited as on 31st March 2025 and confirmed that it did not create any encumbrance (pledge or otherwise) on these shares, directly or indirectly, during the financial year ended 31st March 2025. This annual disclosure is a routine compliance requirement triggered because QCML's holding exceeds 25% of CESC's share capital. The declaration was addressed to the Audit Committee of CESC Limited and submitted to BSE and NSE on 4th April 2025.
This is a routine compliance filing and carries no material impact on the stock price. It reassures shareholders that a major promoter-group entity has not pledged its CESC shares during the year, which is a neutral-to-slightly-positive signal for governance and stake stability.