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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Vidyashankar Krishnan (on behalf of S.E. Krishnan's Family) has submitted a declaration confirming that promoter shares in MM Forgings Limited have not been pledged or encumbered during the year ended 31 March 2026. The declaration covers 1,09,86,410 shares held collectively by five family members including Vidyashankar Krishnan (54,40,480 shares), K Venkatramanan (51,69,920 shares), Sumita Vidyashankar (65,600 shares), R. Subramonian (3,10,400 shares), and Sandhya Vidyashankar (10 shares). The filing confirms these shares are free and clear of all encumbrances as on 31 March 2026.
This is a positive disclosure for shareholders as it confirms that a significant portion of promoter shares are not pledged, reducing risk of forced selling and indicating promoters' financial health.