Basudeo Agrawal 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.
MANAKALUCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Basudeo Agrawal (on behalf of self and Persons Acting in Concert) has submitted a nil-encumbrance declaration for the financial year ended 31 March 2026 under SEBI SAST Regulations. The disclosure confirms that no shares were pledged or encumbered during the period. Importantly, the shareholding table in Annexure-A shows NIL shares held by the promoter and all PACs (Basudeo Agrawal, Vineet Agrawal, BD Agrawal & Sons HUF, Anuradha Agrawal, and Shobha Devi Agrawal) as of 31 March 2026. This suggests the promoter group may have divested its entire stake in the company.
Zero promoter shareholding is a significant red flag for retail investors. It could indicate full exit by the promoter group, which typically signals loss of confidence in the company's prospects. The stock may face heightened volatility or a sharp price correction.