Galax Minerals 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.
Awaiting price reaction for this filing.
Galax Minerals Private Limited, part of the promoter group of Indiabulls Enterprises Limited, has submitted a declaration to NSE under Regulation 31(4) of SEBI Takeover Regulations. The declaration confirms that the promoter entity, along with Persons Acting in Concert (PACs), has not created any encumbrance (pledge, lien, or charge) on shares of Indiabulls Enterprises during FY 2024-25. As on March 2025, the aggregate promoter holding stood at 7,10,11,726 shares, representing 16.32% of the total paid-up and voting share capital, and this entire holding is free of any encumbrance.
This is a routine annual compliance filing and is neutral to slightly positive — it confirms the promoter group has neither pledged new shares nor invoked/released existing encumbrances, indicating stable promoter shareholding at 16.32% with no leverage risk on promoter shares.