Lupin 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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Promoter Manju D. Gupta has submitted a declaration to NSE/BSE confirming that neither she nor the promoter group created any encumbrance (pledge) on Lupin Limited shares during Financial Year 2025-26. As of March 31, 2026, the promoter group holds 46.86% of paid-up equity capital, with Lupin Investments Private Limited being the largest holder at 45.32%. Individual family members hold minor stakes collectively adding up to about 1.54%. This is a routine compliance filing confirming no pledged shares among promoters.
The absence of any pledge on promoter shares is a positive signal for shareholders, indicating promoters have not leveraged their holdings. However, the combined promoter holding at 46.86% remains below the 50% threshold, which may be relevant for takeover-related considerations.