Multi-Act Industrial Enterprises 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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Multi-Act Industrial Enterprises Limited, the promoter of Indian Card Clothing Company Limited, has filed a declaration with the exchange as of March 31, 2025. The promoter holds 40,00,066 equity shares, representing 67.33% of the company's paid-up share capital. Under SEBI's Takeover Regulations, promoters holding more than 25% must annually declare whether they have created any new encumbrance (pledge, lien, etc.) on their shares. The promoter has confirmed that neither they nor any person acting in concert has created any new encumbrance on the shares, other than anything already disclosed during FY 2024-25.
This is a routine compliance filing that is neutral for shareholders. It confirms the promoter's 67.33% stake is free of new pledges or encumbrances, providing comfort that there is no immediate risk of forced selling or dilution from the promoter side.