Hisar Metal Industries Limited has informed the Exchange regarding 'Disclosure made under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011'.
HISARMETAL · price
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Hisar Metal Industries promoter Abhiram Tayal has submitted a disclosure confirming that the entire promoter group's shareholding of 33,05,025 shares (67.20%) has not been encumbered during the financial year ended March 31, 2026. Abhiram Tayal individually holds 4,60,330 shares representing 8.52% of the company's equity. This disclosure is mandatory under SEBI regulations requiring promoters to declare the status of their share pledges. The company submitted this filing to both BSE and NSE on April 4, 2026.
This is a positive disclosure for investors as it confirms that promoter shares are not pledged or encumbered, reducing the risk of forced selling by promoters and indicating strong promoter commitment to the company.