Indiamart Intermesh 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.
IndiaMART InterMESH's promoters and persons acting in concert (PAC) have submitted a declaration confirming they did not create any encumbrances (such as pledges or charges) on the company's equity shares during the financial year ended March 31, 2025. The filing also lists the shareholding details of all promoters and PAC members as of March 31, 2025. Total promoter and PAC holding stands at 2,95,14,888 shares, representing 49.17% of the company's total share capital. Key promoters include Dinesh Chandra Agarwal (28.03%) and Brijesh Kumar Agrawal (18.99%), with the remaining spread across family members and HUFs.
This is a routine annual compliance filing with no negative implications — no new pledges were created, which is a neutral to slightly positive signal for shareholders concerned about promoter leverage. However, with total promoter holding at 49.17% (below the 50% mark), the company remains technically vulnerable to potential creeping acquisition attempts or hostile takeover approaches, though the founders' combined direct holding remains dominant.