Kuantum Papers 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.
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Kuantum Papers Limited has submitted the annual declaration under SEBI's Takeover Regulations for FY ended March 31, 2025. The promoter group, along with persons acting in concert, declared that they have not created any new encumbrance (pledge) on the company's shares beyond what was already disclosed earlier. Importantly, the total number of shares encumbered by the promoters and PAC as on March 31, 2025 stands at NIL. The declaration was filed by 6 promoter group entities, including Kapedome Enterprises Limited, Jagesh Kumar Khaitan, J K Khaitan (HUF), Pavan Khaitan, Aparna Khaitan, and Usha Khaitan.
Zero promoter pledge is a positive sign for shareholders, indicating no financial stress or margin pressure on the promoter group. This typically reduces the risk of forced share sales and supports stability in the stock.