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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Saurabh Mittal, Promoter of Greenlam Industries Limited, has filed a disclosure confirming that the Promoter Group collectively holds 13,00,86,620 shares (50.98%) as of March 31, 2026. The disclosure explicitly states no shares are encumbered or pledged during FY 2025-26. The primary holding is through SM Greenlam Investments Private Limited (37.78%), with Saurabh Mittal individually holding 11.33%. This is a routine Regulation 31(4) filing that confirms the promoter group's shareholding status and encumbrance-free position.
Promoter holding just above the 50% threshold provides stable control. No pledge activity eliminates risk of forced share sale. The encumbrance-free status is a positive signal for minority shareholders regarding promoter commitment.