ITI 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.
ITI · price
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Awaiting price reaction for this filing.
ITI Limited has submitted a compliance filing on behalf of its promoters confirming that no encumbrance (pledge, lien, or similar charge) was created on their equity shares during the financial year. The Hon'ble President of India (through the Ministry of Communications) holds 86,44,85,747 shares (about 86.45 crore) and the Hon'ble Governor of Karnataka (Government of Karnataka) holds 3,12,500 shares — both promoters have declared their holdings remain fully unencumbered. The declaration covers FY ending March 31, 2024 (for the central government) and March 31, 2025 (for the Karnataka government). This is a routine annual disclosure mandated by SEBI for promoters holding over 25% stake in a listed company.
This is a routine compliance filing with no negative implications for shareholders. The confirmation that promoter shares remain free of any pledge or encumbrance is mildly reassuring, as it removes near-term risk of forced selling or margin call concerns. Investors should note ITI remains a government-majority-owned PSU with limited float and low trading liquidity.