Hindon Mercantile 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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Awaiting price reaction for this filing.
Hindon Mercantile Limited, a shareholder of Mufin Green Finance Limited, has filed a disclosure under Regulation 31(4) of SEBI's Takeover Regulations with the stock exchanges. The disclosure states that Hindon Mercantile, along with persons acting in concert, has not created any encumbrance (such as a pledge, lien, or charge) on the shares it holds in Mufin Green Finance Limited during the financial year ended March 31, 2025. This is a routine annual compliance filing required from major shareholders. The declaration was signed by Kapil Garg, Managing Director of Hindon Mercantile Limited, from New Delhi.
This is a neutral, routine compliance filing. It provides reassurance to investors that the promoter group's shares in Mufin Green Finance remain fully unencumbered, with no risk of forced sale from a pledged share collapse. No material impact on the stock price is expected.