Morarjee Textiles 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.
MORARJEE · price
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Awaiting price reaction for this filing.
Morarjee Textiles has submitted its annual disclosure under Regulation 31(4) of SEBI's Takeover Regulations for FY ended March 31, 2025. Promoter Rajeev Ashok Piramal, on behalf of the promoter and promoter group, confirmed that no encumbrance (pledge) was created on any of their shares during the year. The promoter group collectively holds around 2.17 crore shares spread across six individuals/entities (Urvi Piramal, Rajeev Piramal, Nandan Piramal, Ashok Piramal, Harshvardhan Piramal, Kalpana Singhania, and Ashok Piramal Group Textiles Trust), and all of these shares are marked as unencumbered. The company continues to be under the Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016, with Resolution Professional Ravi Sethia managing its affairs.
This is a routine annual compliance filing with no material change in promoter shareholding or pledging status, so it is unlikely to move the stock. Shareholders should keep their focus on the ongoing insolvency resolution process, which remains the key swing factor for the company.