Synmax Consultants & Trading 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.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Synmax Consultants & Trading Private Limited, a promoter group entity of MM Forgings Limited, has filed an annual declaration with the stock exchanges as of March 31, 2025. The declaration confirms that 1,15,92,000 (1.1592 crore) shares held by Synmax in MM Forgings have not been pledged or otherwise encumbered during the financial year ended March 31, 2025. The shares are stated to be free and clear of all encumbrances. This is a routine annual compliance filing under SEBI's Takeover Regulations.
Positive for shareholders — confirms that the promoter group's stake in MM Forgings carries no pledge risk, reducing concerns over forced selling or margin call scenarios. No impact on stock price expected as this is a standard annual disclosure.