Mangalam Cement Limited has informed the Exchange regarding 'Disclosure of Intimation received from the Promoters / Member of PromotersGroup under Regulation 10(5) SEBI (Substantial Acquisition of Shares andTakeovers) Regulations, 2011'.
MANGLMCEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mangalam Cement has told the stock exchange that it received an intimation from one of its promoters or a member of the promoter group under Regulation 10(5) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. This regulation requires promoters to disclose any pledging, release, or invocation of their company shares as collateral. The specific nature of the disclosure (whether shares were pledged, released, or a pledge was invoked) and the exact number of shares or parties involved have not been detailed in the headline.
Investors should wait for further details on the exact pledge action, as any large pledge creation could pressure the stock while releases or invocations may signal changes in promoter financial position. No immediate price action is expected from this intimation alone, but follow-up filings should be watched.