Eastern Investments Ltd 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.
ORISSAMINE · price
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Awaiting price reaction for this filing.
Eastern Investments Ltd (EIL), a subsidiary of Rashtriya Ispat Nigam Ltd (RINL) and the promoter of Orissa Minerals Development Company (OMDC), has filed a routine annual disclosure of aggregate shareholding as on 31 March 2025. EIL holds 3,000,890 equity shares in OMDC, representing 50.1% of the total share capital. The disclosure also confirms EIL and RINL are Persons Acting in Concert (PAC) belonging to the promoter group. No new encumbrance (pledge) was created during the period, as the encumbrance details are marked NIL.
This is a routine regulatory disclosure with no change in promoter shareholding or any new encumbrance, so it is unlikely to have any material impact on the stock price. It simply reaffirms that the government-backed promoter group continues to hold a controlling 50.1% stake in OMDC.