B.N. Kalyani 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.
HIKAL · price
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Awaiting price reaction for this filing.
B.N. Kalyani, on behalf of promoter group entities Kalyani Investment Company Limited (KICL) and BF Investment Limited (BFIL), has filed a declaration under SEBI Regulation 31(4) for FY2024-25. KICL holds 38,667,375 equity shares (31.36%) and BFIL holds 3,273,375 shares (2.65%) in Hikal Limited, together representing about 34% of the company. The declaration confirms that none of these promoter group shares were encumbered (pledged or otherwise charged) directly or indirectly at any time during the financial year ending March 31, 2025.
This is a reassuring disclosure for retail investors — the promoter group's shares in Hikal are completely free of any pledge or encumbrance, eliminating any near-term risk of forced selling or margin call pressure on the stock.