The Andhra Sugars 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.
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The Andhra Sugars Limited, the promoter of Jocil Limited, has submitted a Regulation 31(4) disclosure to the stock exchange. Under this SEBI SAST regulation, promoters must annually confirm whether they have created any encumbrance (such as pledge or lien) on their shares in the listed company. The Andhra Sugars, along with persons acting in concert, has confirmed that no encumbrance was created on their Jocil Limited shares during the financial year ended March 31, 2025. The letter is signed by P.V.S. Viswanadhakumar, Vice President (Finance) and Additional Secretary of The Andhra Sugars Limited. This is a routine annual compliance filing required from every promoter group.
This is a neutral-to-slightly-positive disclosure — the promoter has not pledged or encumbered its stake, suggesting no immediate financial stress or leverage being taken against its holding in Jocil. Shareholders can take comfort that promoter holdings remain unencumbered.