General Insurance Corporation of India 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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General Insurance Corporation of India has submitted a nil disclosure to the stock exchanges confirming that the President of India (the promoter) has not pledged or encumbered any shares of the company during the financial year ending 31st March 2026. This filing is made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company secretary Satheesh Kumar signed the disclosure dated 2nd April 2026. This is a routine compliance filing that provides transparency on promoter shareholding encumbrances.
Positive signal for shareholders as it confirms the promoter has not created any pledge on their shares, meaning there is no risk of forced share sales due to margin calls or loan defaults affecting promoter holding.