Disclosure under Reg. 31(4) of SEBI (SAST) Regulations 2011
Awaiting price reaction for this filing.
Mahaalaxmi Texpro Limited (formerly Abhishek Corporation Limited) has submitted a declaration from all promoters under SEBI's takeover regulations confirming that no equity shares held by promoters were pledged or encumbered during the financial year ending 31 March 2026. The company had been under NCLT liquidation since March 2019. The NCLT approved the sale of the company as a going concern to Mahaalaxmi Textile via a January 2024 order, with the sale certificate issued on 11 March 2024. Several corporate actions — including cancellation of old promoter shares, reduction of public shareholding, share consolidation, and allotment of shares to new promoters — are still pending completion with the Registrar of Companies, stock exchanges, and deposositories. As a result, the extinguishment of old promoter shares has not yet been reflected in official databases.
Shareholders should note that while promoters declare no encumbrances, the company's share capital structure remains in flux due to pending corporate actions. Until ROC and depositories update their records, there may be discrepancies in shareholding data, which could affect trading and investor confidence.