Madhav Marbles and Granites 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.
MADHAV · price
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Awaiting price reaction for this filing.
Madhav Marbles and Granites Limited has submitted a Regulation 31(4) disclosure confirming the status of encumbered (pledged) shares held by the Promoter and Promoter Group as of March 31, 2025. Madhav Doshi, CEO and Managing Director, declared that the Promoter and Promoter Group did not create any new encumbrance on their shareholdings during the financial year, other than what was already disclosed. The filing lists 20 promoter and promoter group entities holding a combined 39,26,395 shares, with no fresh pledging activity reported.
No new pledges or encumbrances by promoters during the year is a neutral-to-mildly positive signal, suggesting no additional financial stress on the promoter group. Investors should note that this filing does not disclose the quantum of already existing encumbrances, so the overall pledge level cannot be assessed from this document alone.