Devendra Khemka For & on behalf of Akshay Poddar 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.
Awaiting price reaction for this filing.
Akshay Poddar, part of the promoter group of Mangalore Chemicals & Fertilizers, has filed an annual declaration under SEBI's Regulation 31(4) of the Takeover Regulations. The declaration confirms that he, along with persons acting in concert, has not created any new encumbrance (pledge, lien, or charge) on the company's shares during the financial year ended March 31, 2025, other than those already disclosed earlier. Devendra Khemka signed the filing on behalf of Akshay Poddar from Kolkata. This is a routine annual compliance filing required from promoters and persons acting in concert, and it signals that the promoter group's shareholding position remains unchanged in terms of pledged or encumbered shares.
This is a routine compliance disclosure and not an actionable event. Shareholders can take comfort that the promoter group has not pledged additional shares or created any new encumbrances during the year, suggesting no fresh fundraising pressure on promoter holdings. No immediate impact on stock price is expected from this filing.