Ashish Ramesh Saraf 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.
MANORAMA · price
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Awaiting price reaction for this filing.
Ashish Ramesh Saraf, Promoter, Chairman and Managing Director of Manorama Industries, has filed the annual disclosure required under Regulation 31(4) & (5) of the SEBI Takeover Regulations with BSE, NSE and the Audit Committee. As of March 31, 2025, the Promoter group together with persons acting in concert hold 32,433,406 equity shares of the company. The promoter has specifically confirmed that no encumbrance (pledge, lien or any other form) was created on these shares, directly or indirectly, during the financial year ended March 31, 2025. This is a routine annual compliance filing that promoters must submit every year.
This is a neutral, routine regulatory filing with no expected impact on the stock price. The confirmation that promoters did not pledge any of their holdings is a mild positive for shareholders, indicating the promoter has not leveraged their stake as collateral.