Sandeep Jain For & on behalf of the Hon'ble President of India 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.
IRCTC · price
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Awaiting price reaction for this filing.
The President of India, acting through the Ministry of Railways, has filed a routine annual declaration with the stock exchanges for IRCTC. As the promoter, the President of India holds 49,91,72,170 equity shares in IRCTC. The declaration confirms that during the financial year ended March 31, 2025, the Ministry of Railways did not create any pledge or encumbrance on IRCTC shares, directly or indirectly. This is a mandatory yearly compliance under SEBI's takeover rules and is filed regardless of whether any pledge activity took place.
This is a routine regulatory filing with no material impact on shareholders or the stock price. It simply reassures the market that the government's majority stake in IRCTC remains unencumbered, with no hidden pledging risk from the promoter.