Bengal & Assam Company Ltd. 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.
JKLAKSHMI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bengal & Assam Company Ltd., the lead promoter of JK Lakshmi Cement, has filed an annual declaration under SEBI Takeover Regulations confirming that the entire promoter group (22 entities and individuals listed in the annexure, including the Singhania family members) has not created any encumbrance — meaning no pledging, lien, or charge — on their equity shares in JK Lakshmi Cement during Financial Year 2024-25. This is a routine annual compliance filing required from promoters, covering all persons acting in concert. The declaration states explicitly that no direct or indirect encumbrance was made on shares held in the target company.
This is a routine compliance filing with no material impact on shareholders. The fact that promoters confirmed zero encumbrance is neutral to mildly reassuring, as it indicates the promoter group did not pledge their holdings during the year — meaning no risk of forced share sales due to margin calls.