Sarvottam Caps Private 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.
ENERGYDEV · price
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Awaiting price reaction for this filing.
Sarvottam Caps Private Limited, on behalf of all promoters of Energy Development Company Limited, has submitted a Regulation 31(4) declaration to the exchanges. As of 31 March 2025, the promoter group collectively held 2,76,16,041 shares, representing 58.139% of the company's share capital. The key declaration is that promoters, along with persons acting in concert, have not created any encumbrance (pledge, lien or charge) on any of their shares during the financial year ended 31 March 2025. The promoter-wise break-up shows Sarvottam Caps (24.84%), Amar Singh (19.47%), Pankaja Kumari Singh (8.73%), Startrack Vinimay (3.84%), Sterlite Merchants LLP (1.23%) and Sanjiv Saraf (0.02%).
Reassuring for shareholders as promoters remain comfortably above the 50% threshold (58.14%) and have not pledged any of their holdings, reducing near-term concerns over forced selling or margin calls. Largely a procedural, neutral filing with no expected impact on the stock price.