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.
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Karma Energy Limited has submitted to the exchanges a Regulation 31(4) disclosure for the financial year ended March 31, 2025. The disclosure, filed by promoter Chetan Mehra on behalf of the entire Promoter and Promoter Group, states that no encumbrance (pledge or similar charge) has been created directly or indirectly on their 86,43,046 equity shares, which represent 74.70% of the company's shareholding. The promoter group comprises 18 individuals and entities, including Chetan Mehra, Anju Siraj, Isha Siraj Kedia, Weizmann Limited, and several other group companies. The filing is a routine annual compliance requirement under SEBI takeover regulations.
This is a routine annual compliance filing and is neutral for shareholders. The declaration confirms that the promoter group's substantial 74.70% stake remains unencumbered, which is a mildly reassuring signal indicating no pledging risk from the promoters.