Hariom Pipe Industries 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.
HARIOMPIPE · price
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Awaiting price reaction for this filing.
Hariom Pipe Industries Limited has submitted the annual disclosure required under SEBI's Regulation 31(4) for FY 2024-25. The promoter and Managing Director, Rupesh Kumar Gupta, has declared that the Promoters, Promoter Group, and Persons Acting in Concert (PAC) have not created any encumbrance (pledge, lien, or charge) on their shares at any time during the financial year. The company has also shared the list of promoter group entities along with their shareholdings, totaling 1,77,32,704 shares across 17 individuals and entities.
This is a neutral to mildly positive filing for shareholders, as it confirms there is no pledge-related risk on promoter holdings — meaning no threat of forced share sales from margin calls or loan defaults. It is largely a routine compliance disclosure and is unlikely to move the stock price meaningfully.