Indian Hume Pipe Company 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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IHP Finvest Ltd, one of the promoters of Indian Hume Pipe Company, has submitted a disclosure under SEBI's Regulation 31(4) confirming a pledge on 1,16,94,995 equity shares of the company, which represents 22.20% of the paid-up capital. This pledge was created on 8th December 2021 in favour of SBI CAP Trustee Company Limited, which acts as the Security Trustee. The disclosure, dated 1st April 2025 and effective as of 31st March 2025, also confirms that no new encumbrances were created on the promoters' shares during the financial year ended 31st March 2025 beyond this already existing pledge.
About 22% of the company's paid-up equity (held by promoter IHP Finvest) is pledged as collateral with SBI Cap Trustee. While this pledge is not new and has been in place since 2021, retail investors should note the encumbrance level as a risk factor in case of any future invocation.