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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Garden Reach Shipbuilders & Engineers Limited has submitted to the exchanges the annual promoter disclosure under SEBI SAST Regulations for FY 2025-26. The President of India, acting through the Ministry of Defence (the promoter), holds 8,53,41,240 equity shares as of 31st March 2026. Importantly, the disclosure confirms that the promoter has not created any encumbrance (pledge) on these shares, either directly or indirectly, during the financial year. This is a routine regulatory filing required under Regulation 31(4) for companies where the President of India is a promoter.
The confirmation that the government promoter holds its stake without any encumbrance is a positive signal for minority shareholders. It eliminates concerns about potential forced selling of promoter shares and indicates stability in the controlling shareholder structure of this defence PSU.