Tube Investments Of India 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.
CGPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tube Investments of India Limited, a promoter of CG Power, has filed its annual declaration under SEBI's Takeover Regulations confirming that none of the promoters or promoter group members of CG Power created any new encumbrance (pledge, lien, or similar charge) on their shares during the financial year 2024-25, other than what was already disclosed earlier. The disclosure also lists nearly 193 promoter group entities — including individuals, family trusts, and group companies like Ambadi Investments, Coromandel International, Cholamandalam entities, and others — to confirm no new pledging activity. This is a routine annual compliance filing required by Regulation 31(4) of the SEBI Takeover Regulations, 2011.
Neutral to positive for shareholders — it confirms that the promoter group has not added any new pledges on their CG Power holdings during the year, which signals financial stability at the promoter level and removes concerns about any fresh encumbrance risk on the stock.