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, a promoter/promoter group entity of Indian Card Clothing Company Limited, has filed a disclosure with NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose details of encumbered (pledged) shares or any changes in such encumbrance. The actual content of the disclosure — whether it pertains to creation of a fresh pledge, invocation of an existing pledge, or release of pledged shares — has not been provided in the headline.
Investors should obtain the full disclosure document to understand whether the promoter group's pledged shares have increased, decreased, or been invoked, as each scenario carries different implications for share price and promoter holding stability.