Karanbhumi Estates Private 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.
IBULLSLTD · price
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Awaiting price reaction for this filing.
Karanbhumi Estates Private Limited, part of the Promoter and Promoter Group (PAC) of Yaari Digital Integrated Services Limited (formerly Indiabulls Limited, scrip code 533520), has filed its annual declaration under SEBI Takeover Regulations for FY 2024-25. The entity confirmed that no encumbrance (pledge, lien, or mortgage) was created on shares held in the company during the financial year. As of March 31, 2025, the aggregate promoter group holding stands at 7,77,77,610 equity shares, representing 27.46% of the total paid-up and voting share capital, and is entirely free of any encumbrance. The declaration has also been shared with the Audit Committee of the target company as required under Regulation 31(5)(b).
This is a routine annual compliance filing and is largely neutral for shareholders. It reassures investors that the promoter group's ~27.46% stake in the company is unpledged, which removes a key overhang risk related to forced sales or margin calls.