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.
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Promoter S. Lakshman has submitted a declaration to BSE, NSE, and the company's Audit Committee confirming that 14,87,996 shares held by him in M M Forgings Limited were not pledged or otherwise encumbered during the financial year ending 31 March 2026. The declaration states the shares are free and clear of all encumbrances. This is a routine compliance filing under SEBI's substantial acquisition regulations, requiring promoters to disclose their pledge status periodically.
This is a positive disclosure for investors as it confirms the promoter's shares carry no pledge or encumbrance risk. There is no threat of share dilution or forced selling from pledge invocation. This reduces a key risk factor associated with promoter holdings.