Kuttappan Manikandan 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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Kuttappan Manikandan, a person connected with Glottis Limited, has submitted a disclosure to the stock exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters and persons acting in concert to disclose details of shares they have encumbered (pledged or otherwise locked in). The filing itself confirms submission of this disclosure but no specific numbers, direction of change, or details about pledge creation, release, or invocation are provided in the available information.
No immediate material impact can be assessed without further details on the nature and quantum of the disclosure. Investors should watch for any follow-up filings specifying the exact pledge or encumbrance details.