Meru Minerals Private Limited 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.
Awaiting price reaction for this filing.
Meru Minerals Private Limited, part of the promoter group of Indiabulls Enterprises Limited, has submitted a declaration under SEBI's Takeover Regulations confirming that the promoter group and Persons Acting in Concert did not create any encumbrance (pledge or similar charge) on their shares during FY2024-25. As on March 31, 2025, the promoter group held 7,10,18,716 equity shares, representing 36.32% of the company's paid-up and voting share capital, all of which were free of any encumbrance. This is a routine annual filing required from promoter-group entities holding more than 20% stake.
This is a neutral-to-positive disclosure for shareholders — it confirms that the promoter group's entire 36.32% stake is unpledged, reducing concerns about forced share sales or margin call risks. The promoter holding remains below the 50% majority threshold, meaning control could be influenced by other large shareholders.