SIL Investments 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.
GANGESSECU · price
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Awaiting price reaction for this filing.
SIL Investments Limited, a promoter of Ganges Securities Limited, has filed a yearly disclosure with the stock exchanges as required under Regulation 31(4) of the SEBI Takeover Regulations, 2011. In this filing, SIL Investments has confirmed that, along with persons acting in concert, it has not created any new encumbrance (such as pledge, lien, or charge) on the shares of Ganges Securities during the financial year ended 31st March 2025, other than what has already been disclosed earlier. The disclosure is purely a compliance submission and does not involve any change in ownership or voting rights. It has been signed by Lokesh Gandhi, Company Secretary of SIL Investments Limited, and a copy has been sent to the Audit Committee of Ganges Securities.
This is a routine yearly compliance filing and is neutral for shareholders. The fact that the promoter has not created any new encumbrances on its shares is mildly reassuring, as it indicates no additional pledging of promoter holdings during FY25.