Sudarsan Varadaraj 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.
ELGIRUBCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sudarsan Varadaraj, a promoter of Elgi Rubber Company Limited, has submitted an annual declaration of encumbrance to the NSE under SEBI regulations. The filing confirms that no promoter or member of the promoter group (including 54 entities/persons acting in concert) created any new encumbrance on the company's equity shares during the financial year 2025-2026, beyond any previously disclosed pledges. As of March 31, 2026, the main promoter Sudarsan Varadaraj held 2,35,67,500 shares (13.99% of total share capital), of which 70,00,000 shares carry existing encumbrance details. The company also confirmed this disclosure has been shared with its Audit Committee.
No fresh pledging activity by promoters is a positive signal, indicating the promoter group has not increased debt-backed shareholding, which reduces risk of forced selling pressure on the stock.