HML Trust NO. 1 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.
HARRMALAYA · price
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HML Trust No. 1, part of the promoter group of Harrisons Malayalam Limited, has submitted an annual declaration under Regulation 31(4) of the SEBI Takeover Regulations for FY ending March 31, 2025. The trustee confirms that none of the promoter group members (serial nos. 28-33 in the annexure) created any encumbrance (pledge or lien) on their shares during the financial year. The total promoter group holding stands at 54.12% (about 99.88 lakh shares), with the largest holders being Rainbow Investments Limited (24.96%), Vayu Associates LLP (20.56%), and Swallow Associates LLP (5.47%).
This is a routine annual compliance filing. The absence of any new pledges or encumbrances is a neutral-to-positive signal for shareholders, indicating promoters have not used their shares as collateral for additional borrowing. The promoter group continues to hold a majority stake above 50%, providing stable ownership.