Garden Reach Shipbuilders & Engineers 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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Awaiting price reaction for this filing.
Garden Reach Shipbuilders & Engineers Limited (GRSE) has submitted an annual disclosure under SEBI's Takeover Regulations for FY ending 31st March 2025. The promoter — the President of India acting through the Ministry of Defence — declared holding 8,53,41,240 equity shares in the company. The promoter also confirmed that no encumbrance (pledge, lien, or similar charge) was created on these shares during the financial year. This is a routine yearly compliance filing required from promoters of listed companies.
This is a routine regulatory disclosure with no material change in promoter holdings or any new encumbrance. No direct impact on the stock price; it simply reaffirms the Government of India's continued majority stake in GRSE without any pledging activity.