Suresh Kumar 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.
MANAKSIA · price
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Awaiting price reaction for this filing.
Suresh Kumar Agrawal, on behalf of himself and Persons Acting in Concert (PACs), has filed the annual disclosure under SEBI Takeover Regulations stating that no encumbrance (pledge, lien, or charge) was created on shares during the financial year ended 31st March 2025. The promoter group's collective shareholding stands at 3,22,32,460 shares, which is 49.184% of the company's total share capital. Key holders include Varun Agrawal (18.878%), Suresh Kumar Agrawal (9.427%), Vajra Machineries Pvt Ltd (9.508%), Manaksia Steels Ltd (6.103%), Payal Agrawal (2.853%), Chandrakala Agrawal (1.900%) and S.K. Agrawal & Sons HUF (0.515%). All entries show zero encumbered shares.
This is a routine annual compliance filing confirming promoters have not pledged any shares in FY25, which is a neutral-to-positive signal indicating no financial stress on the promoter side. However, the promoter group holding at 49.184% is below the 50% mark, keeping the company vulnerable to any future large-scale acquisition attempts and the open offer threshold under takeover rules.