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.
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Awaiting price reaction for this filing.
The Government of India, through the Ministry of Railways, has filed its annual declaration with the stock exchanges confirming it holds 61,29,28,392 equity shares (face value Rs. 2 each) of Ircon International Limited as of 31st March 2025. The disclosure, filed under Regulation 31(4) of SEBI's Takeover Code, states that the promoter has not created any encumbrance (pledge or lien) on these shares during the financial year ended 31st March 2025. This is a routine annual compliance filing required from promoters holding more than 25% of a company's shares.
This is a routine compliance disclosure with no material impact on the stock. It reassures investors that the government's (promoter's) stake remains unencumbered, meaning no shares have been pledged or locked as collateral. No change in holding or risk to share price is implied.