Vivek Prannath talwar 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.
NITCO · price
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Awaiting price reaction for this filing.
Vivek Prannath Talwar, promoter of Nitco Limited, has filed the annual declaration under SEBI Regulation 31(4), confirming that he and the promoter group have not created any new encumbrance (pledge, charge, or lien) on their shares during FY 2024-25, other than what was already disclosed earlier. The filing also lists the shareholdings of all promoter and promoter group members, with Melisma Finance And Trading Pvt Ltd holding the largest chunk at about 2.57 crore shares, followed by Vivek Prannath Talwar himself at 98.23 lakh shares. The total promoter group holding aggregates to roughly 3.71 crore shares. This is a routine annual compliance submission required from promoters each financial year.
This is a neutral, routine compliance filing and should not impact the stock price. It simply reassures the market that promoters have not silently pledged additional shares, which is a positive sign of stability in promoter holding.