Kritikka Infrastructure Private Limited 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.
Awaiting price reaction for this filing.
Kritikka Infrastructure Private Limited, part of the Promoter Group of Indiabulls Enterprises, has filed its annual declaration under SEBI Takeover Regulations for FY 2024-25. The filing confirms that the Promoter Group did not create any encumbrance (pledge or lien) on shares of Indiabulls Enterprises during the year. As on March 31, 2025, the entire promoter group holding of 7,10,21,726 equity shares, representing 36.32% of the total paid-up and voting share capital, is free of any encumbrance. The declaration has also been shared with the Audit Committee of Indiabulls Enterprises as required under Regulation 31(5)(b).
This is a routine annual compliance filing and is neutral for shareholders. It reassures investors that the promoter group's entire 36.32% stake remains unpledged, meaning no margin or loan risk is currently attached to their holdings. The fact that the promoter group holds below 50% is notable, meaning Indiabulls Enterprises does not have a majority controlling promoter.