HMT 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.
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Awaiting price reaction for this filing.
HMT Limited submitted a declaration under SEBI Regulation 31(4) of the Takeover Regulations, 2011, confirming that the President of India (the promoter) and persons acting in concert have not created any encumbrance — directly or indirectly — on their shareholding in HMT Limited during financial year 2024-25. The promoter's current holding stands at 27,95,66,626 equity shares, representing 78.62% of the company's paid-up share capital. The reduced holding is the result of a capital reduction of 84,84,90,000 equity shares carried out in November 2018. The declaration was signed by an Under Secretary to the Government of India from the Ministry of Heavy Industries.
This is a routine annual compliance filing required from promoters and carries no negative implication for shareholders. It confirms no new pledge, lien or encumbrance has been created on the government's 78.62% stake, which is mildly reassuring for retail investors. No material impact on stock price expected.