Grid Equipments Private 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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Grid Equipments Private Limited, the promoter of GE Vernova T&D India, has submitted its annual disclosure under SEBI Takeover Regulations for FY ending March 31, 2025. The promoter holds 12,98,15,207 equity shares, representing 50.70% of the company's paid-up capital. The promoter has confirmed that neither it nor any person acting in concert has created any encumbrance (pledge, lien, or otherwise) on these shares during the financial year. The entire promoter holding remains free from any encumbrance as of March 31, 2025.
This is a routine positive disclosure for shareholders. It reassures investors that the promoter's significant 50.70% stake is completely unpledged, reducing concerns around forced selling risk and signalling financial stability of the promoter entity.