Dharani Sugars & Chemicals 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.
Awaiting price reaction for this filing.
Dharani Sugars & Chemicals has filed its annual Regulation 31(4) disclosure, confirming that promoters did not create any new encumbrances (pledges) on shares during FY2024-25. Promoters and the promoter group collectively hold 2.04 crore shares, representing 61.55% of the company's paid-up capital. Of these, around 1.10 crore shares (53.98% of the promoter holding) remain pledged from earlier years, with several promoter entities — including Dr Palani G. Periasamy, Visalakshi Periasamy, Dharani Credit & Finance, and Ananthi Developers — having 100% of their individual holdings pledged. The filing is a routine annual compliance submission, but the high proportion of pledged promoter shares is a point worth noting for investors.
No new event or trigger for the stock — this is a routine annual filing. However, with over 53% of promoter shares already pledged, any future invocation of these pledges could pressure the stock and signal financial stress at the promoter level. Investors should monitor for any further disclosures on pledge invocation or release.