Meru Minerals 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.
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Awaiting price reaction for this filing.
Meru Minerals Private Limited, part of the promoter group of Yaari Digital Integrated Services Limited (formerly Indiabulls Limited), has filed an annual declaration under SEBI's Takeover Regulations for FY 2024-25. The declaration states that neither Meru Minerals nor any Persons Acting in Concert (PAC) have created any encumbrance (pledge, lien, etc.) on the shares they hold in the company during the financial year. As of March 31, 2025, the promoter group's aggregate holding stands at 25,37,610 equity shares, representing 21.46% of the total paid-up and voting share capital, and these shares are completely free of any encumbrance. This is a routine annual compliance filing under Regulation 31(4) of the SEBI Takeover Regulations.
This is a routine annual compliance filing with no material negative impact. It reassures shareholders that the promoter group's 21.46% stake remains unpledged, which is mildly positive as it indicates no immediate liquidity pressure on the promoters. No effect on stock price is expected from this disclosure.