NIBE 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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NIBE Limited has filed a Regulation 31(4) disclosure with NSE and BSE, submitted by promoter Mr. Ganesh Ramesh Nibe on behalf of the Promoter and Promoter Group. The disclosure confirms that no encumbrances or pledges were created on the shares held by the promoter group during the financial year ending March 31, 2026. It further states that no shares of the company held by the promoter group are encumbered or pledged as of March 31, 2026. The filing includes a list of 10 individuals in the Promoter and Promoter Group category with their PAN details.
This is a positive confirmation for investors, indicating that the promoter group has not pledged their shares, which reduces risk of forced selling. No immediate impact on stock price, but clean promoter holdings are generally viewed favourably.