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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Thottoli Valsaraj, Managing Director and Promoter of Coastal Corporation Limited, has submitted an annual disclosure confirming that neither he nor the promoter group has created any encumbrance or pledge on company shares during the financial year ended 31st March 2026. The disclosure states that as of 31st March 2026, nil shares are encumbered or pledged by the promoter group. This is a regulatory compliance filing required under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, where promoters must annually declare their share pledge status. The filing was made on 3rd April 2026 to both NSE and BSE.
A clean encumbrance declaration with zero pledged shares is generally positive for retail investors as it indicates promoters have not mortgaged their holdings, reducing risk of forced selling. This signals promoter confidence and financial stability in the shareholding structure.