Swapna Bhattacharya, Ministry of Steel, Government of India 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.
MSTCLTD · price
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Awaiting price reaction for this filing.
The Ministry of Steel, Government of India, which is the promoter of MSTC Limited, has filed a declaration with the exchanges under SEBI Regulation 31(4) of the Takeover Regulations. The disclosure states that the promoter and any persons acting in concert have not created any encumbrance (such as pledge, lien, or security interest) on their equity holding in MSTC Limited, directly or indirectly, during the financial year ended March 31, 2025. This is a routine annual compliance filing. The Government of India continues to hold the majority stake in MSTC through the Ministry of Steel.
No material impact on shareholders or the stock price. This is a routine annual filing confirming the promoter has not pledged or encumbered any of its shares, which is neutral-to-mildly reassuring regarding promoter financial standing.