Disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 of Max Alert System Ltd.
Awaiting price reaction for this filing.
Promoter Anil Chandran has submitted a declaration on behalf of all promoters and promoter group confirming that no encumbrance (pledge) was created on their shares during FY 2025-26. The filing includes the promoter shareholding list showing Anil Chandran holds 52.10% (47,92,600 shares), Lenin Chandran Nanatty holds 5.65% (5,19,750 shares), and Ajitha Aravindakshan holds 0.19% (17,600 shares), bringing total promoter holding to approximately 57.94%. The company is based in Mumbai with scrip code 534563.
This is a positive confirmation for shareholders indicating promoters have not pledged their shares, which reduces risk of forced selling. Promoter holding remains above 50%, indicating stable control.