Chanakya Prakash Mangal 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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Chanakya Prakash Mangal, a promoter of Mangalam Worldwide Limited, has filed a disclosure with 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 shareholding and any encumbrances (such as pledges) on their shares. The specific details of the disclosure, including any changes to pledged shares or promoter holding, are not provided in the headline itself. This is a routine regulatory compliance filing that gives the market visibility into the promoter's stake and any encumbrance position.
This filing is procedural in nature and is required whenever there is a change in the promoter holding or encumbrance status. Shareholders should look at the detailed disclosure to understand if shares have been pledged, released from pledge, or if there is any change in promoter shareholding percentage.