SHIV SHANKAR PODDAR 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.
PODDARMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 1.1 pts less than its Dyes And Pigments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Shiv Shankar Poddar, a promoter of Poddar Pigments Limited, has submitted a disclosure to the stock exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose details of any encumbrance (such as a pledge, lien, or other security interest) created on their shares in the company. The filing ensures transparency on whether the promoter's holdings are subject to any pledge or encumbrance. The announcement itself does not specify whether this is a new pledge, release, or invocation.
For shareholders, this is a routine compliance filing by the promoter. Investors should look for the detailed disclosure to understand if shares have been pledged, released, or invoked, as pledging of promoter shares can sometimes be a concern if it indicates financial stress. Without further detail in this announcement, no immediate price impact is expected.