Karanbhumi Estates Private 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.
Karanbhumi Estates Private Limited, part of the promoter group of Indiabulls Enterprises Limited, has submitted its annual declaration under Regulation 31(4) of SEBI's Takeover Regulations for FY 2024-25. The declaration confirms that the promoter group, along with persons acting in concert, did not create any encumbrance (pledge, charge, or similar) on their shares in the company during the year. As on March 31, 2025, the promoter group's aggregate holding stands at 7,10,18,716 equity shares, representing 36.12% of the total paid-up and voting share capital, and this entire stake is free of any encumbrance.
This is a routine annual compliance filing that signals promoter stability — no shares have been pledged or encumbered during the year. The promoter group continues to hold 36.12%, which is below the 50% majority threshold, leaving the company potentially vulnerable to creeping acquisition by the promoters or to influence from non-promoter shareholders.