Sudarsan Varadaraj has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) & (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
ELGIRUBCO · price
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Awaiting price reaction for this filing.
Sudarsan Varadaraj, on behalf of all promoters and promoter group members of Elgi Rubber Company, has filed a declaration confirming that no encumbrances (such as pledges or liens) were created on the company's shares during the financial year 2024-25. The annexure lists 10 promoter/promoter group entities, including the lead promoter Sudarsan Varadaraj (2.36 crore shares), along with others like Harsha Varadaraj, Varshini Varadaraj, LRG Technologies Limited, and Elgi Equipments Limited, all showing nil encumbrance. This is a routine annual compliance filing under Regulation 31(4) & (5) of SEBI's Takeover Regulations, submitted on April 8, 2025.
This is a routine regulatory filing with no material impact on the stock. The nil declaration reassures shareholders that no promoter shares are pledged or otherwise encumbered, which is a neutral-to-positive signal for retail investors.