Lovable Lingerie 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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Awaiting price reaction for this filing.
Lovable Lingerie Limited has submitted to the stock exchanges an annual declaration from its promoters under SEBI's Takeover Regulations. The declaration, signed by Lattupalli Vinay Reddy on behalf of all members of the promoter and promoter group (including persons acting in concert), confirms that no shares held by the promoters were pledged, charged, or otherwise encumbered during the financial year ended March 31, 2025. The promoter group includes Vinay Jaipal Reddy, Shobha Jaipal Reddy, Prashant Jaipal Reddy, Taruna Vinay Reddy, the Lattupalli Vinay Reddy HUF, L Jaipal Reddy, and Lattupalli Veena Reddy. This is a routine annual compliance filing required under the SEBI Takeover Code.
This is a routine regulatory disclosure and is neutral for the stock. The fact that promoters have not pledged any shares is mildly reassuring, as it suggests the promoter group is not under financial pressure requiring them to use their holdings as collateral.