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 The Indian Card Clothing Company Limited, has submitted a declaration under SEBI regulations confirming their shareholding position as of March 31, 2026. The promoter holds 40,00,066 equity shares representing 67.33% of the company's paid-up share capital. The filing explicitly states that neither the promoter nor any person acting in concert has created any encumbrance (pledge) on these securities during the financial year 2025-26.
The disclosure confirms the promoter maintains a strong majority stake above 67% with no pledge on shares, which is a positive signal for shareholders regarding promoter commitment and reduced risk of forced share sales.