As per Regulation 31(4) and 31(5) of Securities and Exchange Board of India( Substantial Acquisition of Shares and Takeover) Regulations,2011, the declaration by our Promoters for the year ....
KOVAI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The promoters of Kovai Medical Center & Hospital Ltd have filed their annual declaration under SEBI Regulation 31(4) and 31(5) of the Takeover Regulations, 2011, for the year ended 31st March 2025. Each promoter individually confirmed that they have not created any encumbrance (pledge, lien, or otherwise) on their shares in the company, either directly or indirectly. The declarations cover around 13 promoter entities/individuals with combined holdings of roughly 56% of the company's shares, with the largest holder being Kovai Purani Finance Pvt Ltd at 36.96% (40.4 lakh shares) and Dr. Thavamani Devi Palaniswami at 11.51% (12.6 lakh shares). This is a routine annual compliance filing required by SEBI and is not triggered by any change in shareholding or pledge status.
This is a routine compliance filing and is mildly positive for shareholders — it confirms that no promoter shares are currently pledged, reducing concerns about any forced selling risk from the promoter group. No material impact on stock price is expected.