Stanley Electric Co., Ltd. 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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Stanley Electric Co., Ltd., a member of the promoter group of Lumax Industries, has filed an annual disclosure under Regulation 31(4) of SEBI's Takeover Regulations with the stock exchanges. The company holds 33,43,381 equity shares, representing 35.77% of Lumax Industries, as of March 31, 2025. Stanley Electric has confirmed that it did not create any encumbrance (pledge, lien, or charge) on these shares, directly or indirectly, during the entire financial year 2024-25. This is a mandatory yearly filing required from promoter group entities and serves to assure the market that no hidden encumbrances exist on promoter-held shares.
This is a routine, neutral-to-positive regulatory filing. Shareholders can take comfort that the promoter group has not pledged or encumbered their 35.77% stake during the year, meaning no immediate risk of forced selling. No material impact on stock price is expected from this disclosure.