Pradeep Raj Nayan, Under Secretary to Government of India, Ministry of Coal (CA Section) 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.
COALINDIA · price
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Awaiting price reaction for this filing.
The Ministry of Coal, acting on behalf of the Government of India (which is the promoter of Coal India), has submitted a disclosure to the stock exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to report details of shares that have been pledged or otherwise encumbered, particularly when the encumbrance crosses key thresholds. The filing was signed by Pradeep Raj Nayan, Under Secretary in the Ministry of Coal's Companies Affairs section. The announcement does not specify whether the disclosure reports a new pledge, release, or invocation, nor does it mention any specific number of shares or percentage change.
This is a routine regulatory compliance filing by the promoter (Government of India). In itself it is unlikely to move the stock price, but investors should watch for follow-up details on whether any shares have been pledged, invoked, or released, as such actions could affect promoter holding stability.