Exxaro Tiles 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.
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Exxaro Tiles Limited has submitted a yearly disclosure under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations for the financial year ended March 31, 2025. The promoters and promoter group, which includes Managing Director Mukeshkumar B. Patel and other individuals, have confirmed that they have NOT created any encumbrance (such as pledge, lien, or charge) on the shares held by them, directly or indirectly, during FY25. The list of promoters and promoter group members has also been attached as Annexure A. This is a routine annual compliance filing.
This is a neutral-to-slightly-positive disclosure for shareholders. It confirms that promoters have not pledged or encumbered their shares during the year, meaning there is no risk of forced selling due to margin calls or loan defaults on pledged shares.