Karma Energy 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.
KARMAENG · price
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Karma Energy Limited's Promoter and Promoter Group (led by Chetan Mehra) has filed a disclosure with BSE and NSE confirming that no encumbrance (pledge) has been created on their 86,43,046 equity shares representing 74.70% of the company's total shareholding. The disclosure covers the financial year ended 31 March 2026 and lists 18 entities/individuals in the promoter group, including companies like Weizmann Limited and various private entities. This is a routine regulatory filing under SEBI's takeover regulations.
The absence of any pledge on 74.70% of the company's shares is a positive signal for minority shareholders, as it indicates the promoter group has not leveraged their controlling stake for debt, reducing risk of forced selling or change in control.