JK Lakshmi Cement 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.
Awaiting price reaction for this filing.
JK Lakshmi Cement Ltd., the promoter of Udaipur Cement Works Ltd., has filed a declaration with the stock exchanges under SEBI's Takeover Regulations. The declaration confirms that JK Lakshmi Cement, along with promoter group members Bengal & Assam Company Ltd. and Dwarkesh Energy Ltd., has not created any encumbrance (pledge, charge, or lien) on its equity shares in Udaipur Cement Works during the financial year 2024-25. This is a routine annual disclosure required by SEBI to confirm that no promoter shares have been pledged or otherwise encumbered.
This is a routine neutral filing with no material impact on the stock. Shareholders can take comfort that the promoter has not pledged any of its shares during the year, which removes one potential risk factor related to forced selling or margin calls.