Dr. B. Bhaskara Rao 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.
KIMS · price
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Dr. B. Bhaskara Rao, Chairman and Managing Director of KIMS, has filed a declaration under SEBI's Takeover Regulations confirming the status of pledged shares for the financial year ending 31st March 2025. He declared that no new pledges were created on shares held by the promoter and promoter group during the year. Importantly, shares previously pledged by Dr. Bhaskara Rao himself have been fully released and are now unencumbered. Other promoter group members continue to hold pledged shares totaling 1,86,92,190 shares, which is about 4.67% of the company's total share capital and 4.71% of promoter holdings.
This is a positive signal for shareholders as the promoter's own pledged shares have been released, reducing the risk of forced selling. However, around 4.67% of total shares remain pledged by other promoter family members, which is a relatively small portion. Overall, the disclosure shows promoter confidence and no incremental pledge burden on the stock.