Ravinder Nath Jain 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.
MAANALU · price
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Awaiting price reaction for this filing.
Ravinder Nath Jain, promoter of Maan Aluminium Limited, has submitted a disclosure under SEBI's Takeover Regulations confirming that shares held by all promoters and promoter group members as of March 31, 2025 are not pledged or encumbered in any way. The disclosure covers five promoter/PAC members including Ravinder Nath Jain, Priti Jain, Alka Jain, Dipti Jain, and Ashish Jain. The filing is a routine annual compliance requirement under Regulation 31(4) of the SAST Regulations, 2011.
This is a neutral-to-positive signal for shareholders as it confirms that the entire promoter shareholding is free of any encumbrance or pledge, reducing concerns about forced selling risk. No material impact on stock price is expected as this is a standard annual compliance filing.