Devendra Kumar Meena, SO(FAC), Department of Telecommunication, Sanchar Bhawan 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.
ITI · price
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Awaiting price reaction for this filing.
ITI Limited has submitted a declaration to the exchanges on behalf of the Hon'ble President of India (acting through the Ministry of Communications, Government of India), confirming that the Promoter has not created any encumbrance (such as pledge or lien) on their 86,44,85,747 equity shares in ITI Limited during the financial year ended 31st March 2024. This is a routine annual compliance filing under SEBI's Takeover Regulations, applicable to promoters who hold more than 25% of a company's shares. ITI is a Government of India PSU, so the President of India is the majority promoter.
This is a neutral, routine compliance filing with no material impact on the stock. It simply confirms that the Government of India's large promoter holding remains unencumbered (not pledged) — a positive sign in terms of share availability, but not a catalyst for price movement.