Indowind Energy 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.
INDOWIND · price
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Awaiting price reaction for this filing.
Indowind Energy's Promoter and Promoter Group, led by Bala Venckat Kutti, have submitted an annual declaration under SEBI Regulation 31(4)(5) of the Takeover Regulations. The declaration confirms that their entire holding of 6,07,44,814 (6.07 crore) shares was not encumbered, directly or indirectly, at any point during the financial year ended March 31, 2025. The annexure lists the individual shareholdings of 3 promoters and 7 promoter group entities, with Soura Capital Private Limited (1.96 crore) and Loyal Credit and Investments Limited (1.33 crore) being the largest holders. This is a routine annual compliance filing required from promoters.
This is a neutral-to-slightly-positive disclosure. It reassures shareholders that no promoter shares have been pledged or locked as collateral, which removes a common risk factor that can pressure stock prices when invoked. No material impact on share price is expected from this routine filing.