Vidyashankar Krishnan 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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Awaiting price reaction for this filing.
Vidyashankar Krishnan, part of the promoter group of MM Forgings Limited, has filed an annual declaration under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations for the year ended 31 March 2025. The declaration confirms that 1,09,86,410 shares held by him and related family members in MM Forgings have not been pledged or otherwise encumbered during the year and are free of all encumbrances. Key holdings include Vidyashankar Krishnan (54,40,480 shares), K Venkatramanan (51,69,920 shares), R. Subramonian (3,10,400 shares), Sumita Vidyashankar (65,600 shares), and Sandhya Vidyashankar (10 shares).
This is a routine annual compliance filing by the promoter group and is mildly positive for shareholders, as it confirms that the promoter family holdings carry no pledge risk. No immediate impact on stock price is expected from this disclosure.