Indbank Merchant Banking Services 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.
Indian Bank, the promoter of Indbank Merchant Banking Services Limited, has filed an annual declaration confirming that it has not created any encumbrance (pledge or otherwise) on its 2,87,73,800 equity shares (face value Rs. 10 each) held in the company during FY 2024-25. The declaration is submitted as on March 31, 2025, under SEBI's Substantial Acquisition of Shares and Takeovers Regulations. The filing is essentially a clean status report, with no change in the pledged or encumbered status of promoter-held shares.
This is a routine compliance filing and is mildly positive for shareholders, as it confirms the promoter's shares are free of any encumbrance or pledge risk. No material impact on stock price is expected from this disclosure.