Devendra Khemka For & on behalf of Jyotsna 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.
Jyotsna Poddar, part of the promoter group of Mangalore Chemicals & Fertilizers, has submitted a mandatory annual declaration under Regulation 31(4) of SEBI's Takeover Regulations for FY ending March 31, 2025. The declaration states that neither she nor any person acting in concert has created any new encumbrance (pledge, lien, or charge) on the company's shares during the financial year. Any existing encumbrances were already reported to the stock exchanges and the company. This is a routine yearly compliance filing required from promoter group members, not a new transaction.
This is a routine regulatory filing with no material impact on the stock. The 'no new encumbrance' declaration is mildly reassuring as it indicates no additional pledging risk has been introduced by this promoter group member during the year.