Ashwin C Muthiah 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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Awaiting price reaction for this filing.
Ashwin C Muthiah, a promoter of Manali Petrochemicals, has filed the annual disclosure required under SEBI Takeover Regulations for the year ended 31st March 2025. The filing confirms that none of the promoters or persons acting in concert have created any encumbrance (such as pledge or lien) on their shares. The disclosed shareholdings include SIDD Life Sciences Private Limited (6.58 crore shares), Southern Petrochemical Industries Corporation Limited (10,000 shares), Ashwin C Muthiah (13,648 shares), and Ranford Investments Limited (85,050 shares).
This is a routine positive compliance filing. Unencumbered promoter shares signal financial stability and no risk of forced share sales due to margin calls, which is reassuring for retail investors.