Chennareddy Rohit Reddy 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.
KAVDEFENCE · price
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Mr. Chennareddy Rohit Reddy, part of the Promoter Group of Kavveri Defence & Wireless Technologies, has filed the annual Regulation 31(4) disclosure for FY ending March 31, 2026. He declares holding 22,50,000 equity shares (3.74% stake) in the company. He confirms that he and persons acting in concert have not created any encumbrance (pledge or similar charge) on these shares during the year. The shares were received via allotment of 22,50,000 equity shares pursuant to convertible warrants, approved at a board meeting on March 5, 2026, though listing approval from the stock exchanges is still pending.
Reassuring for shareholders as no shares held by this promoter have been pledged, reducing concerns over forced selling risk. The fresh warrant-based allotment also signals continued promoter confidence and skin-in-the-game, though the small 3.74% individual stake limits its influence on stock price direction.