Mahendra Nahata 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.
EXICOM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mahendra Nahata, who is associated with Exicom Tele-Systems Limited, has filed a disclosure with the exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters and persons acting in concert to disclose details of shares that have been encumbered (pledged or otherwise used as collateral). The announcement does not specify whether the disclosure relates to creation of a new pledge, release of an existing pledge, or invocation. No specific share quantities or percentages are mentioned in the filing headline.
Investors should watch for the detailed disclosure to understand whether promoter shares are being pledged, released, or if any action has been taken on existing pledges, as this affects confidence in promoter commitment to the company.