Ponni Sugars (Erode) 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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Ponni Sugars (Erode) Limited informed the exchanges that Time Square Investments Private Limited (TSIPL), one of its promoters, acquired 100% of WPS PTE Ltd (a Singapore-based private company) on 31.03.2025. WPS PTE Ltd holds 6,577 fully paid-up equity shares of face value Rs.10 each in Ponni Sugars (Erode), and consequently becomes part of the Promoter Group effective 31.03.2025. Separately, under Regulation 31(4), the promoters declared that they, along with persons acting in concert, have not created any encumbrance (pledge or similar) on their shares in Ponni Sugars during the financial year ended 31st March 2025. The disclosure was signed by N Gopala Ratnam, Chairman and Promoter.
This is an internal restructuring within the promoter group and does not involve any change in the public shareholding pattern or market trading. The no-encumbrance declaration is routine and positive, confirming that promoters have not pledged any of their shares during the year, which is reassuring for shareholders.