Hiralal mahidas Tilva 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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Hiralal Mahidas Tilva, a promoter of Ganga Forging Limited, has submitted a declaration to NSE under SEBI Regulation 31(4) of the Takeover Regulations, 2011. The declaration confirms that the promoters, promoter group, and persons acting in concert have not created any encumbrance (pledge, lien, or charge) on the company's shares, directly or indirectly, during the financial year ended 31st March 2025. The accompanying annexure lists all promoter and promoter group members, with total promoter group holding standing at 5,28,54,301 shares, representing 39.21% of the total share capital. The largest individual holding is Smitaben Mahidas Tilva at 16,027,360 shares (7.39%), followed by Manojkumar Ranchhodbhai Tilva at 8,622,210 shares (6.40%).
This is a positive disclosure for shareholders, as it confirms that no promoter shares have been pledged or encumbered during the year — reducing the risk of any forced selling or margin call pressure on the stock. With promoter holding at 39.21%, there is still room for creeping acquisition without triggering open offer obligations.