Tube Investments of India 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.
CGPOWER · price
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Awaiting price reaction for this filing.
Tube Investments of India Limited, part of the promoter group of CG Power, has filed a disclosure under SEBI Takeover Regulations confirming that the promoters and promoter group have not created any new encumbrance (pledge or similar charge) on CG Power shares during financial year 2024-25, other than those already disclosed earlier. The declaration was also shared with CG Power's Audit Committee. The letter is signed by Vellayan Subbiah, Vice Chairman of Tube Investments, dated 2nd April 2025. This is a routine annual compliance filing required by SEBI.
This is a neutral, routine regulatory disclosure. It signals that promoters have not added any new pledges on their CG Power holdings, which is mildly reassuring for shareholders as it indicates no incremental financial stress on the promoter group regarding their CG Power stake.