S. Lakshman 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.
MMFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
S. Lakshman, a shareholder of M M Forgings Limited, has submitted a declaration confirming that 14,87,996 shares held by him in the company have not been pledged or otherwise encumbered during the financial year ended March 31, 2026. This is a negative pledge declaration stating that his shares are free and clear of all encumbrances. The disclosure was submitted to NSE, BSE, and the company's audit committee.
This is a routine compliance filing confirming no pledge activity on the promoter's shares. It has no direct impact on the stock price as it merely confirms the existing status of shares as unencumbered. Positive for investors as it indicates the promoter's shares are not pledged as collateral.