National Bearing Company (Jaipur) 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.
Awaiting price reaction for this filing.
National Bearing Company (Jaipur) Limited, part of the Hindustan Motors promoter group, has filed an annual declaration with the NSE under SEBI's Takeover Regulations for FY ending March 31, 2025. The declaration states that the entire promoter and promoter group — including a long list of Birla family entities such as Gwalior Finance Corporation, Central India Industries, Birla Brothers Pvt Ltd, and others — have not created any encumbrance (pledge, lien, or charge) on their Hindustan Motors shares during the year. The filing is signed by the Company Secretary of National Bearing Co. and is a routine compliance submission.
This is a neutral, routine compliance filing confirming no pledging or encumbrance activity by promoters in the past year, which is mildly reassuring for shareholders as it indicates promoter holdings are unencumbered.