Gayatri Projects 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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Gayatri Projects has filed a Regulation 31(4) disclosure declaring that promoters, their relatives, and persons acting in concert collectively hold 73,83,985 equity shares (3.94%) as of 31 March 2025. The promoter group confirmed they did not create any new encumbrance (pledge) on shares during the financial year ending March 2025. However, an existing encumbrance of 53,46,085 shares belonging to Indira Reddy Tikkavarapu was reported as on 31 March 2025.
The promoter group holding is very low at just 3.94%, indicating limited promoter skin in the game, which may concern investors. No new pledges were created during the year, which is mildly reassuring, but a large existing encumbrance on a key promoter family member's shares remains on the books.