Saurabh Mittal 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.
GREENLAM · price
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Awaiting price reaction for this filing.
Saurabh Mittal, on behalf of the promoter, promoter group, and persons acting in concert of Greenlam Industries, has filed an annual disclosure under SEBI's Takeover Regulations. The promoter group collectively holds 13,00,86,620 equity shares, representing 50.98% of the company's total equity, as of March 31, 2025. The disclosure confirms that no shares of the company were encumbered (pledged) by the promoters, either directly or indirectly, during the financial year 2024-25. The Annexure lists nine promoter-group entities, with SM Greenlam Investments Private Limited holding the largest chunk at 9,63,95,110 shares.
This is a routine annual compliance filing that signals promoter stability — holdings remain comfortably above the 50% mark and zero pledging reduces any concern about margin pressure or forced selling. It is broadly positive for shareholder confidence but unlikely to drive significant stock price movement on its own.