Abhiram Tayal 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.
HISARMETAL · price
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Promoter Abhiram Tayal has filed a disclosure confirming that as of March 31, 2026, the entire promoter's holdings of 33,05,025 shares (67.20%) in Hisar Metal Industries Limited have not been pledged or encumbered during the financial year. This declaration covers both the filer's personal holding of 4,60,330 shares (8.52%) and co-promoter/PACs shareholdings. The filing is made under Regulation 31(1)(a) of the SEBI Takeover Regulations, which requires promoters to declare details of their share encumbrances periodically.
This is a positive confirmation for shareholders as it indicates no encumbrance on promoter shares, which means the promoter's stake is not pledged to lenders. This reduces risk of forced selling by lenders and signals promoter commitment to the company.