The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 03, 2025 for Kailash Chandra Agarwal
GENUSPAPER · price
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Promoter Kailash Chandra Agarwal has released the pledge/encumbrance on 65,00,000 equity shares of Genus Paper & Boards that were earlier pledged in favour of KLJ Plasticizers Ltd. The release event occurred on May 27, 2025, and the disclosure was filed on June 3, 2025. Kailash Chandra Agarwal individually holds 81,94,447 shares (3.186% of diluted share capital), while the total promoter group holds 1,32,98,356 shares (5.172%). Post the release, the promoter's encumbered share count has come down to zero, indicating the promoter is fully unencumbered on these shares.
A complete release of pledged shares is generally viewed as a positive for shareholders, as it removes any forced-sale risk and suggests reduced financial stress on the promoter. With zero pledged shares now, there is no encumbrance overhang on the promoter's stake.