Coastal Corporation 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.
COASTCORP · price
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Awaiting price reaction for this filing.
T. Valsaraj, Managing Director and Promoter of Coastal Corporation Limited, has filed the annual disclosure under SEBI's Takeover Regulations for the financial year ended March 31, 2025. He confirmed on behalf of the promoter and promoter group that no shares of the company were encumbered (pledged) by them during the year. As of March 31, 2025, the promoter group holds zero pledged or encumbered shares in the company. The disclosure has been submitted to both NSE and BSE and will also be available on the company's website.
This is a routine annual compliance filing and is positive for shareholders as it indicates the promoter group has no pledged shares, suggesting financial stability and no risk of forced selling due to pledge invocation.