Subhas Chandra Agarwalla 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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Subhas Chandra Agarwalla, a promoter of Maithan Alloys Limited, has submitted a disclosure to the exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose details of their encumbered (pledged) shares on a half-yearly basis. The filing covers the aggregate encumbered shareholding of the promoter as a percentage of their total shareholding and the company's total share capital. No additional details or figures were available in the headline.
This is a routine regulatory disclosure related to the promoter's pledged shares and does not, by itself, indicate any change in control or fresh pledge activity. Shareholders should look at the actual disclosure data to see the current pledge levels of the promoter.