Power & Instrumentation (Gujarat) 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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Padmaraj Padmnabhan Pillai, on behalf of himself and the entire promoter group along with persons acting in concert, has filed the annual declaration under SEBI Takeover Regulations confirming that no encumbrance (pledge, lien, or charge) was created on any shares held by the promoter group during FY ended March 31, 2025. The promoter group collectively holds around 45.7% of the company's total share capital across 10 named members, with the lead promoter Padmaraj alone holding 32.59 lakh shares (18.65%). Other key holders include Kavita Pillai (6.66%), Padmavati Pillai (6.29%), and Power Infra Cons Private Limited (6.64%). The declaration is a routine annual compliance requirement, not a transaction-based event.
This is a neutral-to-slightly-positive filing — it removes any uncertainty around hidden pledges by the promoter group and signals that promoters did not need to pledge shares for funding during the year. Shareholders can take comfort that there is no undisclosed encumbrance risk, though the promoter holding staying below 50% means the company does not have a controlling promoter by stake size.