Eros Worldwide FZE 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.
Awaiting price reaction for this filing.
Eros Worldwide FZE, the promoter of Eros International Media Limited, has filed a declaration under SEBI's Takeover Regulations confirming it held 65,30,807 shares as of March 31, 2025, with NIL encumbered (pledged) shares. The promoter has confirmed that no encumbrance was created on these shares, directly or indirectly, during the financial year ended March 31, 2025. This is a routine annual compliance filing required under Regulation 31(4) of the SEBI Takeover Code, 2011.
Reassuring for shareholders as it confirms the promoter holds shares free of any pledge or encumbrance, reducing concerns over forced selling or margin call risks. However, this is a regulatory compliance disclosure and is unlikely to have any material impact on the stock price.