Mahamaya Steel Industries 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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Mahamaya Steel Industries Limited's promoters have submitted a disclosure confirming that during FY 2025-26, they did not create any encumbrance (pledge or lien) on their aggregate shareholding of 11,964,987 equity shares. The declaration was submitted by promoter Rajesh Agrawal on behalf of the entire promoter and promoter group, including persons acting in concert. The disclosure is in compliance with SEBI's takeover regulations requiring disclosure of share encumbrances by significant shareholders.
No pledge or encumbrance on promoter shares is a positive signal, indicating promoters have not leveraged their holdings for loans or other obligations, which reduces risk for minority shareholders.