Gujarat Urja Vikas Nigam Limited 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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Awaiting price reaction for this filing.
Gujarat Urja Vikas Nigam Limited (GUVNL) has submitted a disclosure to the stock exchanges under Regulation 30(1), 30(2), 31(4) and 31(5) of the SEBI Substantial Acquisition of Shares and Takeovers Regulations, 2011. The disclosure relates to GUVNL's shareholding in Gujarat Industries Power Company Limited (GIPCL) as of 31st March 2025. Importantly, GUVNL has declared that it, along with Persons Acting in Concert, has not created any encumbrance (pledge, lien, or similar charge) directly or indirectly on the equity shares it holds in GIPCL. This is a routine annual compliance filing required of major shareholders.
This is a routine compliance disclosure with no change in shareholding or encumbrance status. Neutral for the stock — GUVNL's stake in GIPCL remains unencumbered, meaning no shares have been pledged or used as collateral.