Larsen & Toubro 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.
LTM · price
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Larsen & Toubro Limited, the promoter of LTM Limited, has submitted a declaration confirming that they have not created any encumbrance (pledge or charge) on their shareholding in LTM Limited. The declaration covers 20,31,69,279 equity shares representing 68.52% of the total paid-up equity share capital of LTM Limited. This filing is a regulatory requirement under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011, which mandates promoters to disclose encumbrances on their shares. The declaration was signed by Subramaniam Narayan, Company Secretary & Compliance Officer of L&T Limited.
This is a positive disclosure for LTM Limited shareholders as it confirms the promoter has not leveraged their 68.52% stake as collateral. This indicates financial stability and reduces risks associated with potential pledge liquidation that could impact shareholding structure.