Imperial Chemical Industries Limited and Akzo Nobel Coatings International BV 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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Awaiting price reaction for this filing.
Two overseas promoter-group entities of Akzo Nobel India Limited have filed declarations under Regulation 31(4) of SEBI Takeover Regulations. Akzo Nobel Coatings International B.V. (Netherlands) declared it holds 11,066,791 shares as on 31 March 2025, while Imperial Chemical Industries Limited (UK) declared it holds 22,977,544 shares on the same date. Both entities confirmed that none of these shares are covered under any pledge or encumbrance, directly or indirectly. This is a routine annual compliance disclosure, not a transaction announcement.
Neutral for shareholders — the filing reassures the market that the overseas promoter entities' holdings in Akzo Nobel India remain completely free of any pledge or encumbrance, removing any near-term concern over forced selling or margin-related risk.