Uday Kotak 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.
KOTAKBANK · price
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Awaiting price reaction for this filing.
Uday Kotak, promoter of Kotak Mahindra Bank, has filed his annual disclosure under Regulation 31(4) of the SEBI Takeover Regulations with the stock exchanges. In this filing dated April 8, 2025, he confirms that as of March 31, 2025, neither he nor any member of the promoter group or persons acting in concert have created any encumbrance (pledge, lien, or charge) on their shareholding in the bank. This is a routine annual compliance filing required from promoters of listed companies.
This is a positive, routine disclosure for shareholders — it confirms that the promoter's stake in Kotak Mahindra Bank remains unencumbered, meaning no shares have been pledged as collateral. There is no direct impact on the stock price, but it reassures investors about the clean status of promoter holdings.