Bharat Petroleum Corporation 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.
IGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bharat Petroleum Corporation Limited (BPCL), the promoter of Indraprastha Gas Limited, has submitted a declaration to the stock exchanges confirming that neither BPCL nor any person acting in concert has created any encumbrance on IGL shares during the financial year ended 31st March 2026. This declaration is filed pursuant to Regulation 31(4) of SEBI's Takeover Regulations, which requires promoters to disclose details of share encumbrances. The filing was signed by V. Kala, Company Secretary of BPCL, and dated 3rd April 2026.
This is a positive signal for shareholders as it confirms the promoter has not pledged or encumbered their shareholding, reducing risk of potential share sales due to loan defaults. It indicates promoter confidence in the company without any leverage on their stake.