Pradeep Raj Nayan, Under Secretary to Government of India, Ministry of Coal 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.
NLCINDIA · price
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NLC India has informed the stock exchange that an Under Secretary from the Ministry of Coal (the promoter) has filed a disclosure under Regulation 31(4) of the SEBI Takeover Regulations, 2011. This regulation relates to reporting of encumbered shares, such as pledges on promoter holdings. The actual details of the disclosure — including the number of shares involved and whether the pledge was created, released, or invoked — are not included in the headline. NLC India is a government-owned company, so the promoter is the Government of India.
Without the actual figures in the disclosure, investors cannot determine the immediate impact on promoter shareholding or any change in encumbrance status. Shareholders should look for the full disclosure document for details on pledged shares or any changes that could affect promoter holding.