We enclose herewith the Declaration of non encumbrance of Shares by our Promoters for the year ended 31.03.2026
KOVAI · price
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Awaiting price reaction for this filing.
Kovai Medical Center and Hospital Limited has filed promoter declarations under SEBI regulations confirming that none of the promoters have created any encumbrance (pledge or charge) on their shareholdings for the year ending 31st March 2026. A total of 12 promoters and promoter entities submitted individual declarations, including Dr. Nalla G Palaniswami, Dr. Thavamani Devi Palaniswami (holding 11.51%), Kovai Purani Finance Private Limited (holding 36.97%), and Pavai Property Developers Private Limited (holding 4.76%), among others. The combined promoter holding across all declarants represents approximately 55.85% of the total share capital. This filing is a routine regulatory requirement under SEBI Takeover Regulations.
Positive signal for shareholders. The confirmation that no promoter shares are pledged or encumbered indicates promoter financial stability and reduces risk of forced share sales. The substantial promoter holding of ~55.85% remains fully unencumbered, which is reassuring for minority investors.