Elecon Engineering Company 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.
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Elecon Engineering Company Limited has submitted an annual disclosure under Regulation 31(4) of SEBI SAST Regulations, 2011, confirming that the Company holds 9,58,426 equity shares (16.62%) in EIMCO Elecon (India) Limited (the Target Company), along with persons acting in concert. The key finding is that the Company has NOT made any encumbrance (pledge) of its shares in the target company, either directly or indirectly, during the financial year ended 31st March, 2026. This is a negative confirmation filing confirming no share pledges were created.
Positive for EIMCO Elecon shareholders as the disclosure confirms no encumbrance was placed on Elecon's stake in the target company during the year, indicating no risk of pledge-related share disposal.