Mahindra and Mahindra 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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Mahindra & Mahindra Limited, the promoter of Mahindra Holidays & Resorts India Limited, has submitted a declaration to the stock exchanges confirming that it has not created any encumbrance (such as pledge or lien) on the shares of Mahindra Holidays held by it during Financial Year 2024-25. This is an annual compliance filing required under Regulation 31(4) of SEBI's Takeover Regulations, 2011. The declaration is signed by Divya Mascarenhas, Interim Company Secretary of M&M, and dated 7th April 2025. No financial numbers or transaction values are involved, as this is a non-event confirmation.
This is a routine, neutral-to-mildly-positive disclosure. It reassures shareholders that the promoter has not pledged any of its Mahindra Holidays shares, eliminating near-term risks of forced selling or margin-call pressure from the largest shareholder.